126 N Oak St Arcola, IL 61910

Price
Not For Sale
Last Update
Aug 16th, 2020
Type
Off Market
Status
Off Market
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Off Market

Snapshot

Property Type
Other
Lot Size
Property Sqft
MLS Number
10625979
Year Built
Days On Market

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 kitchen was also updated with new pizza ovens in the fall of 2019. Pizza ovens in owner's other bar raised food sales nearly 20%. 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.

More Details

Provider
MR LANDMAN LLC
MLS ID
MREDIL
MLS Name
Midwest Real Estate Data, LLC
MLS Number
10625979
Source
listhub
PARTICIPANT
Name
Jon Fisher
Primary Phone
(217) 202-0924
Key
3YD-MREDIL-950169
Email
jonfisher1991@gmail.com
BROKER
Name
MR LANDMAN LLC
Phone
(217) 202-0924
OFFICE
Name
MR. LANDMAN
Phone
(217) 202-0924
Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

History

DateEventPrice$/SqftSource
Listing Removed For Sale$179,000 MR. LANDMAN
Listed For Sale$179,000 MR. LANDMAN
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Nearby Schools

Elementary School

Arcola Elementary School

0.5 miles awayPK - 06

High School

Arcola High School

0.5 miles away07 - 12

Pre-Kindergarten

H E L P Arcola

0.6 miles awayPK - PK