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1217 5TH Street

Lacon, IL 61540
  • $750,000
  • STATUS: Active
  • ON SITE: 232 Days
  • ID#: PA1236843
UPDATED: 34 min ago
$750,000
  • 0
    BEDS
  • 6.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1986
County:
Area:

School Ratings & Info

Description

Excellent opportunity for future development, use as turn-key restaurant, or possibly both. Situated on 6.28 total acres, and next door to the brand new Dollar General Store, the front 2 acres is zoned Commercial and was formerly Kenyon's Place Restaurant. The rear 4.28 acres is zoned I-1 Light Industrial, is currently being farmed as a bean field, and has a separate access from the front 2 acres. Sitting on Route 17, this property has very high visibility, and is located only .3 of a mile from Marshall County Airport. The existing building is approximately 7500 square feet on main level, has zoned heating and cooling, fire suppression system both wet and dry, three phase 800 amp electrical service, 75 kW natural gas generator, public water and public sewer, multiple walk-in coolers and freezers inside, located on the main and basement levels, a sprawling kitchen, multiple seating areas and a large bar area. Don't miss this great opportunity in a growing community!

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© 2023 RMLS Alliance, 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 the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2023-04-01T08:44:58.58.
www.ashleycoker.com/homes/132063701
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1217 5TH Street Lacon, IL 61540

  • Price: $750,000
  • Status: Active
  • On Site: 232 Days
  • Updated: 34 min ago
  • ID#: PA1236843
0
Beds
0
Baths
0
½ Baths
6.28
Acres
1986
Built
Neighborhood:
Paar Area
County:
Marshall
Area:
Paar Area
Property Description
Excellent opportunity for future development, use as turn-key restaurant, or possibly both. Situated on 6.28 total acres, and next door to the brand new Dollar General Store, the front 2 acres is zoned Commercial and was formerly Kenyon's Place Restaurant. The rear 4.28 acres is zoned I-1 Light Industrial, is currently being farmed as a bean field, and has a separate access from the front 2 acres. Sitting on Route 17, this property has very high visibility, and is located only .3 of a mile from Marshall County Airport. The existing building is approximately 7500 square feet on main level, has zoned heating and cooling, fire suppression system both wet and dry, three phase 800 amp electrical service, 75 kW natural gas generator, public water and public sewer, multiple walk-in coolers and freezers inside, located on the main and basement levels, a sprawling kitchen, multiple seating areas and a large bar area. Don't miss this great opportunity in a growing community!
Exterior Features

Construction Materials FrameStoneVinyl Siding Fenced YN No Outdoor Dining YN No Roof Composition Shingle

Interior Features

Bar YN Yes Building Area Total 7515 Building Features Cable Cooling Central Air Flooring CarpetTile/Vinyl Heating GasZoned Walk In Cooler YN Yes Walk In Freezer Yes

Property Features

100 Year Flood Plain No Agent Owned No Disclosed Short Sale No Financing Cash OnlyConventional For Lease YN No For Sale YN Yes Foreclosure YN No Frontage Type State Road Irregular Lot YN Yes Lease Term Not Applicable Levels OneBasement Lot Size Dimensions 295X738x544x224x253x512 Lot Size Remarks Lot is An L ShapeParcel 029/038 Are Zoned I-12 Acres With Building Zoned C-2 Net Operating Income -5957 Owner Pays N/A Possible Use Bar/TavernIndustrialOfficeRestaurantWarehouse Security System YN Yes Sewer Public Sewer Sprinkler YN Yes Tax Annual Amount 5956.88 Tax Incentive1 Enterprize ZoneIn City LimitTif District Tax Year 2021 Tenant Pays Notapplic Type Commercial Underground Storage Tank YN No Water Source City Water/Connected Zoning C-2 I-1

Listing provided courtesy of Rich Gillespie of Re/Max Traders Unlimited: Pref: 309-657-0063.
© 2023 RMLS Alliance, LLC. All Rights Reserved.


© 2023 RMLS Alliance, 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 the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2023-04-01T08:44:58.58.
 
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