Turnkey Landmark Bar & Restaurant + Beer Garden - Downtown Utica, IL!
"Historic 1874 Freestanding Building With Full Bar/24 Taps/Commercial Kitchen/Upstairs Event Space + Outdoor Hospitality Venue With Bar/Stage"
Rare turnkey hospitality opportunity in historic downtown Utica, IL! Acquire the furniture, fixtures, equipment and existing build-outs of two complementary hospitality venues for just $99,000 with a new $6,500/month modified gross lease covering both properties.
This exceptional offering includes a landmark 1874 bar & restaurant building plus an adjacent outdoor beer garden property, complete with existing furniture, fixtures, equipment as well as bar/restaurant/beer garden infrastructure.
The 4,448 sqft historic bar & restaurant, extensively renovated in 2019, features exposed brick, high ceilings, distinctive architectural details, a full-service bar, 24-tap draft beer system, inviting dining areas, an upstairs event space and commercial kitchen, plus a full basement with coolers, freezers and storage space. Its prominent corner location, distinctive rounded turret and vintage character create an atmosphere difficult to duplicate!
Plus, its adjacent beer garden property features a distinctive outdoor hospitality venue designed with repurposed shipping containers, custom artwork, outdoor seating and unique architectural features. This unique property offers an inviting setting for craft beverages, live entertainment and seasonal gatherings/events. Includes various seating, firepits, a stage and scenic views of the Illinois & Michigan Canal. A sought-after destination for locally crafted beers, meads and ciders, plus acoustic/rock performances and seasonal gatherings. Situated just across the street from the historic building at the same prominent corner location with its own one-of-a-kind atmosphere.
Together, these two properties together create a distinctive indoor/outdoor drinking, dining and entertainment destination, just minutes from Starved Rock State Park, which welcomes ~2.4 million visitors a year.
Both venues' existing FF&E are included in the asset purchase, providing a substantial head start compared with building out a new bar, restaurant and outdoor entertainment venue from scratch.
3 Options To Acquire This Impressive Bar & Restaurant + Beer Garden
1. Buy The Business Assets - $99,000; historic freestanding building + adjacent beer garden; draft system, build-outs, FF&E, bar & restaurant trade name/goodwill (beer garden name does not convey) included and a new lease at $6,500/mth
2. Lease Fully Equipped - $6,500/mth; modified gross lease for historic freestanding building + adjacent beer garden with FF&E included in the rent (landlord owned); terms negotiable
3. Buy The Properties - $850,000; historic freestanding building + adjacent beer garden; draft system, build-outs, FF&E, bar & restaurant trade name/goodwill (beer garden name does not convey) included
Keep The Current Concepts or Bring Your Own
Plus, the flexibility to continue the existing concepts or introduce your own visions. The flexible layouts and existing infrastructures accommodate numerous bar/restaurant/entertainment concepts.
Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please click on the orange Contact Broker button on the right to complete the Buyer Profile form. Showings by appointment only outside of business hours.
