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    481 W Wilson Street

    BEMENT, IL 61813
    • $175,000
    • STATUS: Active
    • ON SITE: 322 days
    • MLS #: 10853767
    UPDATED: 61 min ago

    School Ratings & Info

    Description

    Calling all entrepreneurs & go-getters: you have an opportunity to own & operate one of the longest running bars in the area. The West End Pub has been a landing place for friends to meet, unwind, have some fun, listen to music & more, since nearly the turn of the last century! Recorded as the 'Junction Eating House' restaurant in 1913. And when prohibition ended - the business acquired one of the first liquor licenses in the county & became The Depot Tavern. Then, in 1950 it became known as the West End Tavern. What a history!! When you buy this great business & building (w/ record low interest rates), you can walk in & resume business, because everything is in place to continue business without missing a beat. Even the gaming license can transfer with the corporation, which is included in the sale. There is a kitchen for a new owner who wants to offer food service. It includes a walk-in cooler, flat top grill with ansul system & much more. The building offers 3200 SqFt: the main bar, a side area that includes the video gaming & a pool table AND a large (40' x 36') party/game room, built in 1995 on S side of building. It is set up now with billiard tables, electronic darts & a golf simulator. However, there is plenty of room to reconfigure the set up, if a new owner wants a dining area. There is a smoking porch built on the E side & the porch leads to the large grassy lot offering more area for a new owner to expand. There are 2 horseshoe pits and plenty of room to fence in for that future expansion. Customers love the brick-paved, fenced patio on the SW corner, for outdoor seating. A huge parking lot is available for use on the W side of lot. And the 'icing on the cake' is a second level 1600+ SqFt apartment that could serve as the owners private residence or it could be rented out to provide additional cash flow. The price includes the building, business, corporation (& therefore gaming license), equipment, tables, chairs, decor & inventory. Don't wait to make this iconic bar yours! Call & set up your private showing.

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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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    481 W Wilson Street BEMENT, IL 61813

    • Price: $175,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 10853767
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    4,674
    SQFT
    $37
    $/SQFT
    Neighborhood:
    Bement / Bondville / Cerro Gordo / Cisco / Deland / La Place / Mahomet / Mansfield / Milmine / Monti
    County:
    Piatt
    Area:
    Bement / Bondville / Cerro Gordo / Cisco / Deland / La Place / Mahomet / Mansfield / Milmine / Monti
    Property Description
    Calling all entrepreneurs & go-getters: you have an opportunity to own & operate one of the longest running bars in the area. The West End Pub has been a landing place for friends to meet, unwind, have some fun, listen to music & more, since nearly the turn of the last century! Recorded as the 'Junction Eating House' restaurant in 1913. And when prohibition ended - the business acquired one of the first liquor licenses in the county & became The Depot Tavern. Then, in 1950 it became known as the West End Tavern. What a history!! When you buy this great business & building (w/ record low interest rates), you can walk in & resume business, because everything is in place to continue business without missing a beat. Even the gaming license can transfer with the corporation, which is included in the sale. There is a kitchen for a new owner who wants to offer food service. It includes a walk-in cooler, flat top grill with ansul system & much more. The building offers 3200 SqFt: the main bar, a side area that includes the video gaming & a pool table AND a large (40' x 36') party/game room, built in 1995 on S side of building. It is set up now with billiard tables, electronic darts & a golf simulator. However, there is plenty of room to reconfigure the set up, if a new owner wants a dining area. There is a smoking porch built on the E side & the porch leads to the large grassy lot offering more area for a new owner to expand. There are 2 horseshoe pits and plenty of room to fence in for that future expansion. Customers love the brick-paved, fenced patio on the SW corner, for outdoor seating. A huge parking lot is available for use on the W side of lot. And the 'icing on the cake' is a second level 1600+ SqFt apartment that could serve as the owners private residence or it could be rented out to provide additional cash flow. The price includes the building, business, corporation (& therefore gaming license), equipment, tables, chairs, decor & inventory. Don't wait to make this iconic bar yours! Call & set up your private showing.
    Exterior Features

    Approx Land Sq Footage 3057 Miscellaneous Outside Balcony/IesCourtyardEnclosed PorchPatio Parking Total 100

    Interior Features

    Cooling Central Air Heat Ventilation Forced Air Seating Capacity 76-100

    Property Features

    Additional Parcels YN No Adj Net Income Year 2018 Adjusted Net Income 0 Annual Rent For Real Estate 0 Business Age Unknown Business Name West End Pub Business Type Bar/Tavern/LoungeFood & Beverage Corporate Limits Bement Cost Of Goods Sold 0 Cost Of Goods Year 2018 Food Beverage Type Other General Information Show-Key in Listing Office Gross Payroll 0 Gross Payroll Year 2018 Gross Profit 0 Gross Profit Year 2018 Gross Sales Ann Year 2018 Gross Sales Annual 177659 Inventory 0 Inventory Year 2018 Known Encumbrances None Known Living Quarters Included Lot Size .25-.49 Acre Lot Size Dimensions 126 X 100 Net Operating Income Year 2018 Net Profit 0 Operating Expense 0 Ownership Type Corporation Ownership Type1 Corporation Possible Use Liquor LicenseRecreationalRetailSpecial Use Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessLicense/PermitEquipmentInventoryBusiness NameKey Money/Good Will Sales Taxes 0 Sales Taxes Year 2018 Tax Annual Amount 2729.4 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatTaxesInsuranceRepairsSewer Total Operating Expenses Year 2018 Type Bus / Bus W/Real Est Type Of Lease None

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams-Trec-Mont.


    © 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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