126 Oak Street, ARCOLA

$295,000

0 Beds
0 Baths
5,800 Sqft
0 Acres
0 Garages

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
MLS® #10446075
Price$295,000
Square Footage5,800
Acres0.00
TypeCommercial
Sub-TypeBus / Bus w/Real Est
StatusActive
Community Information
Address126 Oak Street
AreaCCAR-South
CityARCOLA
StateIL
Zip Code61910
Amenities
Parking Spaces50
Interior
HeatingForced Air
Stories1
Cooling

Central Air, Exhaust Fan/s, Heat Pump

Exterior
Lot DescriptionCentral Business District
Additional Information
ZoningCOMMR
Listing Details
OfficeColdwell Banker The R.E. Group
Property History
Status Changed from New to Active
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Listing information last updated on July 22nd, 2019 at 4:20am CDT.

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