Turnkey Landmark Bar & Restaurant + Beer Garden - Downtown Utica, IL!

North Utica, La Salle County, Illinois, United States

Asking Price$850,000

Revenue-

EBITDA-

Cash Flow-

Description

"Historic 1874 Freestanding Building With Full Bar/24 Taps/Commercial Kitchen/Upstairs Event Space + Outdoor Hospitality Venue With Bar/Stage" Rare opportunity to own or lease 2 complementary hospitality venues in the heart of historic downtown Utica, IL! This exceptional offering includes a landmark 1874 masonry bar & restaurant building + an adjacent outdoor beer garden property, complete w/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 & commercial kitchen + a full basement w/coolers, freezers & storage space. Its prominent corner location, distinctive rounded turret & vintage character create an atmosphere difficult to duplicate! Plus, its adjacent beer garden property features a distinctive outdoor hospitality venue designed w/repurposed shipping containers, custom artwork, outdoor seating & unique architectural features. This unique property offers an inviting setting for craft beverages, live entertainment & seasonal gatherings/private events. Includes various seating, firepits, a stage I scenic views of the IL & MI Canal. A sought-after destination for locally crafted beers, meads & ciders + acoustic/rock performances & 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 2 properties together create a distinctive indoor/outdoor drinking, dining & entertainment destination, just minutes from Starved Rock State Park, which welcomes ~2.4M visitors a yr. Plus, the flexibility to continue the existing concepts or introduce your own visions! 3 Options To Acquire This Impressive Bar & Restaurant + Beer Garden 1) Buy The Properties - $850,000; historic freestanding building and adjacent beer garden; draft system, build-outs, FF&E, bar & restaurant trade name/goodwill (beer garden name does not convey) included 2) Buy The Business Assets - $99,000; historic freestanding building and 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 3) Lease Fully Equipped - $6,500/mth; modified gross lease for historic freestanding building and adjacent beer garden with FF&E included in the rent (landlord owned); terms negotiable Keep The Current Concepts or Bring Yr Own The flexible layouts & existing infrastructures accommodate numerous bar/restaurant/entertainment concepts. Prime Downtown Utica – LaSalle County – Gateway To Starved Rock Both strategically located in Utica's vibrant Mill Street dining & entertainment district, these high-visibility corner properties benefit from a highly desirable downtown setting & an established tourism economy. Just 1.6 miles away, Starved Rock State Park is IL' most-visited state park. Other nearby attractions incl the scenic IL & MI Canal State Trail, Starved Rock Lodge, Matthiessen State Park, Grand Bear Resort's indoor waterpark & more. Also, surrounded by other popular restaurants, breweries, wineries, shops & historic attractions incl August Hill Winery's tasting room. And during warmer months, Mill Street transforms into a pedestrian-friendly outdoor dining destination, creating a lively atmosphere for residents/visitors alike. Plus, the annual Burgoo Festival brings additional crowds downtown each Oct. Downtown Utica is conveniently located near IL-178 & I-80, providing accessibility for local customers/regional tourists. And downtown Utica's retail vacancy was recently reported at 0%, highlighting the scarcity of available commercial space in this popular destination! Listed by Brian O'Kelly and Ted Aretos at EatZ & Associates/EatZ Real Estate Group LLC

Real Estate

Owned

Building Size: 4748 sq. ft.

Furniture Fixtures & Equipment

$99k

Business is

Absentee Owner

Number of EmployeesFull-Time: 2Part-Time: 7

Year Established

2019

Reason Selling

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

Facilities & Assets

Est: 2019 + 2021. Properties: Includes both the historic 1874 bldg & its adjacent beer garden in downtown Utica. 2 properties, 1 with indoor /outdoor dining & the other a substantial outdoor entertainment venue. Historic 1874 bldg - ~4,448 sqft 2-story freestanding bldg w/full basement. Historic 1874 masonry building. Former Duffy’s Tavern. Substantially renovated in 2019. On 0.06 acres or 2,614 sqft. Downtown street & public parking. PIN 19-09-311-008. Class C building. Zoned C-1 Central Business District. 2025 RET $7,722. Beer Garden - A separate, distinctive outdoor hospitality venue adjacent to the bldg (just across the street). 300 sqft bar structure & 4,004 sqft decking. 250 guest capacity. Built in 2021. On 0.12 acres or 5,227 sqft. Downtown street & public parking. PIN 19-08-415-015. Class C property. 2025 RET $4,352. Lease: $6,500/mth modified gross; terms negotiable. Tenant responsible for increases in real estate taxes & insurance above base yr.

Support & Training

Negotiable on-site comprehensive training.

Market & Competition

An exceptional opportunity to own or lease a piece of Utica history plus a sought-after beer garden in one of Illinois' most popular tourism destinations. Historic downtown Utica is an established destination for craft beverages, dining, shopping and entertainment. Its proximity to Starved Rock and surrounding attractions generates customer demand extending well beyond the local residential population. With limited available commercial real estate and two complementary hospitality properties included, this offering provides an unusual opportunity to establish a substantial presence in Utica's popular downtown district with significant tourism traffic.

Growth Opportunities

Two Venues - Multiple Revenue Opportunities - Expand restaurant operations to 7 days, capturing additional weekday visitors - Introduce breakfast, brunch, expanded dining hours & tourist-focused menus - Expand online ordering, takeout, packaged beverages & loyalty programs - Host rehearsal dinners, corp events, celebrations & group outings - Maximize beer garden operations with seasonal events, live music & private gatherings - Cross-promote indoor dining, craft beverages & outdoor entertainment between both venues

Financing Options

No.

Business listed by

Eatz & Associates

Related Categories

bar for Sale

•restaurant and bar for Sale

•Business for Sale in Illinois