120 E 5th StreetBowen, IL 62316

Description

Looking for a commercial venture with the potential for additional growth?? With some renovations and updates, this property has the potential for quite a bit of additional rental income. Formerly operated as "Rally Point Bar & Grill" in Bowen, this commercial property includes 11,802 square feet to include a restaurant, bar, large commercial grade kitchen, multiple storage rooms, & up to 5 apartments available. This was a casual, family-friendly bar and grill that previously offered food, beverages, alcohol, gaming, and more. There are 2 parcels included with the sale. All business personal property and kitchen equipment will convey - a list of those are available upon request. This inventory includes a walk-in cooler, 3 big screen TVs, pizza oven, and so much more!! With some renovations, the apartment section could include more units &/or rentable rooms., Office SQFT M/L: 0, Retail SQFT M/L: 0, Manufacturing SQFT M/L: 0, Other SQFT M/L: 8052, Warehouse SQFT M/L: 0, Restaurant SQFT M/L: 3750, HiSpd Intrnt Fiber Avail

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1915

Stories

2

Building area

11,802 Sq Ft

Lot size

0.40 acres

Lot dimensions

101.17x90 & 60x141.5

Zoning

COMMR

Days on market

417

MLS^® Listing#

12471741

Property Features

Construction

Brick

Financial Details

Annual taxes

$3,936

Parcel number

24-23-000-470 & 24-23-000-471

Directions

From Interstate 336, Turn East Towards Bowen, IL. Property is on E Street, past 4 way stop with Highway 61 Frontage.