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541 S Main Street

Princeton, IL 61356
  • $529,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 11680428
UPDATED: 57 min ago
$529,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
County:

School Ratings & Info

Description

Awesome opportunity to own this iconic piece of history in historic downtown Princeton. This well-established, turn-key restaurant is ready to go. All you need is the drive and ambition to continue what the current owners already started. Dining seating capacity is 50-60 seats plus bar seating and outdoor seating as the weather permits. The entire building has been renovated and upgraded in the past 7 years. Updates include: roof-2020 (with transferrable warranty); furnace-2013, air conditioning- 2015, windows-2017, and tuck-pointing of outside brick wall-2021. All the restaurant equipment is included in the sale and all updated within the past 7 years with the exception of 2 coolers. Upstairs are 2, 2-bedroom, 1 bath apartments, 1, 1-bedroom, 1 bath apartment and shared laundry area. These units are all renovated and ready to rent out or use as Airbnb's for guests visiting the area. There is a separate entrance for the upstairs units.

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© 2023 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 Touchstone Group. Based on information submitted to the MRED as of 2023-02-06T22:57:25.907 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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541 S Main Street Princeton, IL 61356

  • Price: $529,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 57 min ago
  • MLS #: 11680428
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Hollowayville / Princeton
County:
Bureau
Area:
Hollowayville / Princeton
Property Description
Awesome opportunity to own this iconic piece of history in historic downtown Princeton. This well-established, turn-key restaurant is ready to go. All you need is the drive and ambition to continue what the current owners already started. Dining seating capacity is 50-60 seats plus bar seating and outdoor seating as the weather permits. The entire building has been renovated and upgraded in the past 7 years. Updates include: roof-2020 (with transferrable warranty); furnace-2013, air conditioning- 2015, windows-2017, and tuck-pointing of outside brick wall-2021. All the restaurant equipment is included in the sale and all updated within the past 7 years with the exception of 2 coolers. Upstairs are 2, 2-bedroom, 1 bath apartments, 1, 1-bedroom, 1 bath apartment and shared laundry area. These units are all renovated and ready to rent out or use as Airbnb's for guests visiting the area. There is a separate entrance for the upstairs units.
Exterior Features

Lot Size Less Than .25 Acre Parking Total 20

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2021 Annual Rent For Real Estate 0 Building Area Total 5460 Business Age 7-10 Years Business Type Restaurant Corporate Limits Princeton Gross Profit Year 2021 Gross Sales Annual 0 Gross Sales Annual Year 2021 Location Central Business District Mls Actual Status Active Operating Expense 0 Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessEquipmentBusiness Name Tax Annual Amount 2493.86 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeatTaxesInsuranceRepairsSewer Type Bus / Bus W/Real Est Type Of Lease None

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Success Realty: 815-872-7653.


© 2023 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 Touchstone Group. Based on information submitted to the MRED as of 2023-02-06T22:57:25.907 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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Touchstone Group
2308 W North Avenue #C1
Chicago IL, 60647