Historic Restaurant & Bar Downtown Burlington, IL-Real Estate Included

Burlington, Kane County, Illinois, United States

Asking Price$600,000

Revenue-

EBITDA-

Cash Flow-

Description

Historic 1908 Restaurant & Bar Downtown Burlington, IL - Real Estate Included! "Renovated In 2023 - Fully Equipped - Turnkey - Income-Producing Rental Apartments Above" Own a piece of history! Exceptional opportunity to acquire or lease a fully equipped restaurant and bar in the heart of charming downtown Burlington, IL. Dating back to 1908, this one-of-a-kind establishment combines more than a century of character w/extensive modern improvements, offering an extraordinary setting for an experienced restaurateur, chef, owner-operator or investor. 3 Options To Acquire This Impressive Restaurant & Bar 1. Buy The Property - $600k; purchase the entire 4,511 sqft mixed-use building, restaurant equipment and two income-producing upstairs apartments 2. Buy The Business Assets - $75k; acquire the restaurant's furniture, fixtures, equipment & build-out w/a new lease at $4,500/mth 3. Lease Fully Equipped - $4,500/mth; lease the fully equipped restaurant & bar, including existing FF&E; modified gross lease Historic Charm Meets Modern Convenience Originally established in 1908, this landmark property features an extraordinary original back bar, vintage tile flooring, antique mirrors, decorative tin ceilings & warm wood finishes. Its timeless character creates an inviting atmosphere that simply cannot be replicated in a modern restaurant build-out. The property underwent substantial renovations in 2023, including improvements to the commercial kitchen, HVAC, roof, windows, tuckpointing & mechanical systems. Property Highlights -2,256 sqft ground-floor restaurant & bar -Full basement w/walk-in cooler & additional storage -14 dining tables + bar seating -Beautiful historic bar w/refrigeration & service equipment -4,511 sqft 2-story mixed-use building -Fully Equipped Commercial Kitchen -Commercial zoning in downtown Burlington -Street parking Fully Equipped Commercial Kitchen -The professionally equipped kitchen offers substantial value & flexibility for numerous restaurant concepts. -Rational commercial combi oven -Globe 4ft char grill -Vollrath flat-top griddle -Dukers 4-burner range -Frymaster & Avantco commercial fryers -Alto-Shaam & Lockwood holding cabinets -Multiple commercial refrigerators & freezers -Basement walk-in cooler -Stainless steel preparation & storage equipment -Avoid the considerable expense, construction delays and uncertainty associated w/building a restaurant from scratch. -Real Estate Purchase With Residential Income For buyers seeking property ownership, the entire mixed-use building is available for $600k, including the restaurant FF&E & two 2nd-floor apartments. The apartments currently generate a combined $2,500 per mth or $30k annually in gross rental income, providing an additional revenue stream for an owner-user or investor. A rare opportunity to combine historic character, modern restaurant infrastructure, flexible acquisition options & income-producing real estate! Bring your vision to this exceptional downtown Burlington restaurant property! Charming Downtown Location & Affluent Trade Area Prominently situated in downtown Burlington, this distinctive Main St property benefits from its established restaurant history, surrounding residential communities & convenient access to the greater Fox Valley region. Location Highlights -Main St traffic 4,400 VPD -Nearby Plank Rd carries 7,450–8,150 VPD -Burlington Township median household income ~$123,836 -Median township home value of ~$384,800 -Nearby local tavern & established neighborhood businesses -Minutes from Burlington Park, community celebrations & local events -1.6 miles from Burlington Prairie Forest Preserve -Convenient access to surrounding Kane County communities -This established dining destination has historically attracted customers from beyond the immediate village, offering opportunities to serve both local residents & destination diners. Listed By Brian O'Kelly and Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC

Real Estate

Owned

Building Size: 4511 sq. ft.

Furniture Fixtures & Equipment

$75k

Business is

Absentee Owner

Number of EmployeesFull-Time: 2Part-Time: 4

Year Established

1970

Reason Selling

Has other business interests and cannot devote the time/attention it deserves.

Facilities & Assets

Owners Role: Absentee. Square Feet: 4,511 sqft (2,255 sqft Restaurant + Full Basement + 2,256 sqft Apartment Space). Seating: Ample (14 Dining Room Tables + Bar Seating). Days/Hrs of Operation: We-Th 4p-8p, Fr-Sa 4p-9p, Su 4p-8p (Dinner Only / Closed Mondays-Tuesdays). Value of Inventory: Not Included In Asking Price. Year Established: 1970 (Current Owners 2023). Property: 4,511 sqft two-story freestanding mixed-use building. On 0.13 acres or 5,663 sqft plus adjoining lot. Features a restaurant & bar on the 1st floor with full basement, 2 apartments on the 2nd floor which rent for $1,075 and $1,425 per month under their current leases. Built in 1908. Substantial renovations in 2023 - HVAC, ducting, mechanicals, updated roof, tuck-pointing, replaced windows, carpeting, paint, fully improved restaurant. Building class C Commercial. PIN 04-10-102-005. 2025 real estate taxes $11,486.

Support & Training

Negotiable on-site comprehensive training.

Market & Competition

One-Of-A-Kind Opportunity A rare opportunity to save time, money and start-up costs. Whether you're an aspiring owner/operator, experienced restaurateur, expanding restaurant group or real estate investor, this opportunity offers a compelling combination of a desirable downtown location, major recent renovations, valuable equipment and multiple acquisition options. Why spend hundreds of thousands of dollars and months building a restaurant from scratch when the expensive work has already been completed. Take advantage of this exceptional opportunity to purchase or lease a fully equipped restaurant and bar in one of Kane County's most charming historic downtown districts.

Growth Opportunities

Endless Concept Possibilities & Growth Opportunities Continue the property's long-standing supper club tradition or introduce your own restaurant concept. The historic bar, dining room and commercial kitchen are well suited for a steakhouse, chophouse, Italian restaurant, gastropub, upscale tavern, neighborhood bar and grill, chef-driven concept or private event space. Current operations are limited to 5 evenings weekly, creating opportunities to introduce lunch, weekend brunch, expanded operating hours and private events. An established online presence, reservation capabilities and longstanding customer recognition offer additional potential for an operator interested in continuing the existing concept.

Financing Options

No.

Business listed by

Eatz & Associates

Related Categories

American restaurant for Sale

•bar for Sale

•Business for Sale in Illinois