About This Restaurant
Investment Highlights
very clean, currently open, well established restaurant Very nice 2 bedroom apartment offers added income @ $750 a month Gaming parlor with small lounge area
Executive Summary
This turnkey, well-established restaurant located in downtown Colchester IL is well known for its fabulous food, people come miles for their pasta, pizza, and other great comfort foods. Currently, the restaurant is open for lunch and dinner, they have a beer and wine license, and in the attached building is a gaming parlor with a lounge area that can also be used for added seating for the restaurant if needed. The kitchen is fully equipped, you also have a walk-in cooler and freezer, a dry storage area, a prep area, and an office. For added income the second level of the gaming parlor has a large two-bedroom apartment, very nice, this apartment is currently leased at $750 a month. For more information on the business contact the listing agent, P.L statements for pre-qualified buyers.
Property Details
- Sale Type Owner User
- Property Type Retail
- Property Subtype Restaurant
- Building Size 5,367
- Year Built 1890
- Price 325,000
- Price Per SF 61
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 2.11
- Land Acres 0.06 AC
Amenities
- Corner Lot
Property Taxes
| Parcel Number | 05-000-569-00 05-000-568-00 | Improvements Assessment | $2,568 |
| Land Assessment | $11,658 | Total Assessment | $(1) (0.00/SF) |
| Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
| Address: | 130 E Market St , Colchester, Illinois, 62326 | ||