126 Oak Street

    ARCOLA, IL 61910
    • $259,000
    • STATUS: Active
    • ON SITE: 101 days
    • MLS #: 10446075
    UPDATED: 64 min ago

    School Ratings & Info

    Description

    Highly profitable restaurant & bar located in the beautiful downtown area of Arcola, IL. This restaurant has been entirely renovated over the past two years. The owner recently put on a new $30,000 roof, renovated lights and plumbing, added new chairs & tables. The kitchen has been renovated with new appliances, hood, and Ansul system. The owner has also added a new $5,700 surveillance system, and new TV's. The restaurant currently has FIVE gaming machines and that will be increasing to SIX. Gaming machine bets are also being raised from $2 to $4 shortly. Gaming aspect of business alone making over $110,000 annually. Restaurant on pace to sell over $500,000 of food & liquor in 2019 in addition to gaming revenue. The business typically has $25,000 to $30,000 of food & liquor in inventory. Business will sell with everything, in addition to FB page, website, and name if desired. Owner relocating to save money on kids out of state tuition & find a more business friendly state.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2019-10-20T16:50:43.01 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.angelawalkerhomes.com/homes/96747044

    126 Oak Street ARCOLA, IL 61910

    • Price: $259,000
    • Status: Active
    • Updated: 64 min ago
    • MLS #: 10446075
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .50-.99 Acre
    Acres
    5,800
    SQFT
    $45
    $/SQFT
    Neighborhood:
    Arcola / Arthur / Atwood / Bourbon / Camargo / Garrett / Ivesdale / Murdock / Neoga / Newman / Oakla
    County:
    Douglas
    Area:
    Arcola / Arthur / Atwood / Bourbon / Camargo / Garrett / Ivesdale / Murdock / Neoga / Newman / Oakla
    Property Description
    Highly profitable restaurant & bar located in the beautiful downtown area of Arcola, IL. This restaurant has been entirely renovated over the past two years. The owner recently put on a new $30,000 roof, renovated lights and plumbing, added new chairs & tables. The kitchen has been renovated with new appliances, hood, and Ansul system. The owner has also added a new $5,700 surveillance system, and new TV's. The restaurant currently has FIVE gaming machines and that will be increasing to SIX. Gaming machine bets are also being raised from $2 to $4 shortly. Gaming aspect of business alone making over $110,000 annually. Restaurant on pace to sell over $500,000 of food & liquor in 2019 in addition to gaming revenue. The business typically has $25,000 to $30,000 of food & liquor in inventory. Business will sell with everything, in addition to FB page, website, and name if desired. Owner relocating to save money on kids out of state tuition & find a more business friendly state.
    Exterior Features

    Approx Land Sq Footage 5800 Frontage Access City Street Location Central Business District Lot Dimensions 154 X 160 Lot Sq Ft 24640 Number Of Parking Spaces 50 Waterfront YN No

    Interior Features

    Air Conditioning Central AirExhaust Fan/SHeat Pump Number Of Stories 1

    Property Features

    Adj Net Inc Expense Source Actual Adjusted Net Income 0 Ann Rnt Expense Source Actual Annual Rent For Real Estate 0 Business Age 1-3 Years Business Name Shae's Pub & Grub Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Corporate Limits Arcola Cost Of Goods Expense Source Actual Cost Of Goods Sold 0 Cost Of Goods Year 2018 Current Use Commercial Food Beverage Type RestaurantGrill Gross Payroll 0 Gross Payroll Expense Source Actual Gross Payroll Year 2018 Gross Profit 0 Gross Profit Expense Source Actual Gross Profit Year 2018 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2018 Gross Sales Annual 0 Heat Ventilation Forced Air Inventory 0 Inventory Expense Source Actual Inventory Year 2018 Known Encumbrances None Known Net Operating Income Year 2018 Net Profit 0 Net Profit Source Actual Possession Closing Potential Use CommercialLiquor License Property Offered For Sale Only Real Estate Included YN Yes Tax Year 2018 Taxes 2403.80 Tenant Pays Air ConditioningElectricHeatReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerWater/Sewer Total Op Exp Year 2018 Total Op Expense Source Actual Total Operating Expenses 0 Type Of Lease None Type Ownership Business Corporation Unincorporated YN No Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker The R.E. Group.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2019-10-20T16:50:43.01 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    Angela Walker Homes Real Estate Group
    1547 Westchester Blvd.
    Westchester IL, 60154