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119 N Lincoln Street Ransom, IL 60470 Commercial - Investment Active

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Description

Make your dream a reality with this beautiful turn-key restaurant/bar. The possibilities are endless as you enter this facility. Not only will you be purchasing a property that has been well maintained, but you will also be getting a well-established business that has been in the same location for 52 years! With over 8200 sf of space, this facility features seating for over 250 people, 2 fully functioning bars, a large commercial kitchen, a short order grill, plenty of storage and cooler space, a separate banquet room and more than one storage room. All equipment is used every day and is maintained to operate properly. You will not find a facility in the area with the setup of this property. Multiple opportunities for catering, lunch deliveries, and large party reservations await you in this location. The location is also near a regularly utilized National Guard Training facility and a Power Plant, which employs numerous individuals. Business meetings, holiday parties, wedding receptions, or any other celebration you can think of, is possible at Jerry's Tap! In addition to the restaurant/bar areas, this building also features a 2 bed, 1 bath apartment upstairs that can be utilized for rental income or your own use. Properties like this don't come around very often. Schedule your showing today before it's too late!

Property Highlights

Property Type: Commercial - Investment
Building Description: 2.0 stories

General Information

County: LaSalle
Listed By:
R.E. Dynamics 815-844-4663
MRED MLS
$439,900
Est. $2,794/mo
Active
SQUARE FEET8,280 MLS#12276832
STATUSActive PROPERTY TYPECommercial - Investment

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119 N Lincoln Street, Ransom, IL 60470.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $439,900$439,900$439,900
Down Payment $87,980$15,397$109,975
Monthly Mortgage Amount $2,054$2,521$2,674
Taxes $612$612$612
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$193$0
Monthly Estimated Total $2,794$3,454$3,414

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