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    419 W Railroad Street

    Sheffield, IL 61361
    • $140,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 11111221
    UPDATED: 10 min ago
    $140,000
    • 0
      BEDS
    • 1.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,750
      SQFT
    • $51
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    This bar has been locally owned and operated since 1994. Owner has slowed down due to age and health considerations offering no daytime hours for the past 10 years. So much potential here for full reopening with being located on Hwy 6, 3 miles from renowned Psycho Silo with incredible motorcycle traffic on weekends. Located in the quaint town of Sheffield, IL with 300 feet of prime highway frontage. Property boasts adorable little 1-bedroom home bringing in $400/mo rent & utilities with reliable renter desiring to stay. Home's room is 10 years old and new steel roof on bar in 2014. Coolers, bar stools, tables, chairs, TV, refrigerator & freezer all come with this bar. Don't miss your opportunity to grab this goldmine!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-07-30T18:55:32.693 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    419 W Railroad Street Sheffield, IL 61361

    • Price: $140,000
    • Status: Active
    • Updated: 10 min ago
    • MLS #: 11111221
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.22
    Acres
    2,750
    SQFT
    $51
    $/SQFT
    Neighborhood:
    Sheffield
    County:
    Bureau
    Area:
    Sheffield
    Property Description
    This bar has been locally owned and operated since 1994. Owner has slowed down due to age and health considerations offering no daytime hours for the past 10 years. So much potential here for full reopening with being located on Hwy 6, 3 miles from renowned Psycho Silo with incredible motorcycle traffic on weekends. Located in the quaint town of Sheffield, IL with 300 feet of prime highway frontage. Property boasts adorable little 1-bedroom home bringing in $400/mo rent & utilities with reliable renter desiring to stay. Home's room is 10 years old and new steel roof on bar in 2014. Coolers, bar stools, tables, chairs, TV, refrigerator & freezer all come with this bar. Don't miss your opportunity to grab this goldmine!
    Exterior Features

    Approx Land Sq Footage 2310 Frontage Type City StreetUs Highway Location Central Business District Outdoor Parking 51-100 Spaces Parking Total 50 Roof Composition Waterfront YN No

    Interior Features

    Cooling Window Unit(S) Heat Ventilation Hot Water Miscellaneous Inside Public Restroom/S Seating Capacity 31-40

    Property Features

    Additional Parcels YN No Adj Net Income Year 2020 Adjusted Net Income 1 Annual Rent For Real Estate 1 Business Age 11+ Years Business Name Phylly's Business Type Bar/Tavern/Lounge Corporate Limits Unincorporated Cost Of Goods Sold 1 Cost Of Goods Year 2020 Current Use Commercial General Information None Gross Payroll 1 Gross Payroll Year 2020 Gross Profit 1 Gross Profit Year 2020 Gross Sales Ann Year 2020 Gross Sales Annual 1 Inventory 1 Inventory Year 2020 Known Encumbrances None Known Living Quarters Included Lot Size .50-.99 Acre Lot Size Dimensions 80X200X296X220 Net Operating Income Year 2020 Net Profit 1 Number Of Full Time Employees 1 Number Of Part Time Employees 1 Operating Expense 1 Ownership Type Individual Ownership Type1 Sole Proprietor Possible Use CommercialLiquor License Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessEquipmentBusiness Name Sales Taxes 1 Sales Taxes Year 2020 Tax Annual Amount 2595 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatTaxesInsuranceRepairsRoofSewer Total Operating Expenses Year 2020 Type Bus / Bus W/Real Est Type Of Lease None Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Wessel Real Estate.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-07-30T18:55:32.693 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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