120 N Union

Retail-Commercial for Sale
Catylist Listing ID: 30633406
Property Subtypes: Restaurant
Building Size (RSF): 4,000 SF
Sale Price: $400,000
Unit Price: $100 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/1/2020

Overview / Comments

OPPORTUNITY KNOCKS! 4,000 sq ft building currently home to a successful bar/restaurant with a fantastic reputation & following. Real state only is being offered for sale for you to use as the home to the next new eatery in Byron! Bring your ideas to this thriving small town just southwest of Rockford whose downtown has a large draw of patrons from all over Northern Illinois. This property has many recent updates including: flooring, windows, gaming parlor area & garage doors that are retractable in both the front & back of the building. Helping to make this restaurant space very COVID friendly! Large kitchen, walk in coolers and basement with plenty of room for storage. Ample parking in the city parking lot adjacent to the property. Business may be purchased separately. Lease option available for $4,000. Owner may be willing to finance a qualified buyer. *Aero Loves Park is not for sale.

Additional Details

Nearest MSA: Rochelle
County: Ogle
Tax ID/APN: 05-32-152-028
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Il RTE 2 and IL RTE 72
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Property Condition: Excellent
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: City parking behind business and street parking
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 52
Lot Depth: 52
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Per Title

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,599 9,203 12,122
Median Age: 35.72 39.73 40.46
Households: 1,386 3,362 4,480

Contact

Photograph of Listing Agent

Rebecca Hazzard

RE/MAX of Rock Valley
CMCPEX Member
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