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126 Oak Street, ARCOLA, IL

$295,000 - $295k Price - 5,800 Sqft

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.

Essential Information

For 126 Oak Street, ARCOLA, IL
  • MLS® # 10446075
  • Price $295,000
  • Square Footage 5,800
  • Acres 0.00
  • Type Commercial
  • Sub-Type Bus / Bus w/Real Est
  • Status Active

Community Information

For 126 Oak Street, ARCOLA, IL
  • Address 126 Oak Street
  • Area CCAR-South
  • City ARCOLA
  • State IL
  • Zip Code 61910

Amenities

For 126 Oak Street, ARCOLA, IL
  • Parking Spaces 50

Interior

For 126 Oak Street, ARCOLA, IL
  • Heating Forced Air
  • Stories 1

Cooling

For 126 Oak Street, ARCOLA, IL

Central Air, Exhaust Fan/s, Heat Pump

Exterior

For 126 Oak Street, ARCOLA, IL
  • Lot Description Central Business District

Additional Information

For 126 Oak Street, ARCOLA, IL
  • Zoning COMMR

Listing Details

For 126 Oak Street, ARCOLA, IL
  • Office Coldwell Banker The R.E. Group

Price Change History for 126 Oak Street, ARCOLA, IL (MLS® #10446075)

Date Details Change
Status Changed from New to Active

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Listing information last updated on September 20th, 2019 at 9:36pm CDT.