116 Chestnut St

Investment Highlights

Well-established business has been serving people from the Wenona area and Marshall county for many years. Complete turn-key operation, includes business and building, tables and chairs, equipment and coolers, fryers, ovens, sinks etc. Lower level grill/bar with residential rental unit above.

Executive Summary

Proudly offering Park Place Pub and Grill, located in the heart of downtown Wenona and across from the city park in town. This well-established business has been serving people from the Wenona area and Marshall county for many years. The property consists of a full service U-shaped bar and restaurant with dining room along with an area with gaming machines, etc. A full stainless steel kitchen 18 x 26 has all of the equipment and coolers, fryers, ovens, sinks etc for a full restaurant-style service. Above the Pub and Grill is a spacious 2 bedroom, 1 bathroom loft-style apartment which is fully rented. The sale includes all fixtures and equipment along with tables, chairs, place settings and more. A complete turn-key operation. The Pub and Grill is currently open Wednesday-Sunday, so many additional hours of operation are available for the future owners. Additional upper level space could be finished for future living area, offices etc. for future expansion.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Bar Bar General Retail Storefront Bar
• Building Size    2,943
• Building Class    B
• Year Built    2008
• Price    419,000
• Price Per SF    142
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.23
• Land Acres    0.29 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.