Ray McDevitt
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Turnkey Investment - Updated Bar & Restaurant with excellent investment opportunity featuring a fully equipped, turnkey bar and adjoining restaurant space. Extensively remodeled and updated in 2021, this high-yield property consists of two separate parcels (individual PINs), offering the flexibility to operate together or purchase separately. The sale includes all business operations, supplies, and FF&E (mostly purchased new in 2021). The multi-functional building features upgraded insulation, plumbing, electrical systems, roofing, HVAC, and a 2021 walk-in refrigerator. The bar side boasts 12-foot ceilings, new tile flooring, a separate gaming room, and a 40-foot custom stained and lacquered bar top engineered for maximum serving efficiency. Advanced technology stays with the property, including state-of-the-art multi-lighting controls, communication headsets, and a comprehensive video surveillance security system. The versatile dining area provides immediate potential for secondary revenue streams via private parties, banquets, and live entertainment. Located less than 10 miles from Lake Wildwood, this property offers high visibility and strong income potential.
Property Highlights
Property Type: Commercial - Office
Building Description: 1.0 stories
Available Sqft: 5283
General Information
County: Marshall
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-303-4730
RMLSA
MLS ID: PA1269488
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504-506 Main Street, Varna, IL 61375.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $139,000 | $139,000 | $139,000 |
| Down Payment | $27,800 | $4,865 | $34,750 |
| Monthly Mortgage Amount | $731 | $885 | $894 |
| Taxes | $193 | $193 | $193 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $61 | $0 |
| Monthly Estimated Total | $1,023 | $1,239 | $1,187 |
Ray McDevitt
REALTOR®
Office: (563) 441-5228
Cell: (563) 940-0754
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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