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

North Utica, La Salle County, Illinois, United States

Asking Price$99,000

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 turnkey hospitality opportunity in historic downtown Utica, IL! Acquire the FF&E & existing build-outs of 2 complementary hospitality venues for just $99,000 with a new $6,500/mth modified gross lease covering both properties. This exceptional offering incl a landmark 1874 bar & restaurant building + an adjacent outdoor beer garden property, complete w/existing FF&E 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/events. Includes various seating, firepits, a stage & scenic views of the canal. A sought-after destination for locally crafted beers, meads & ciders + acoustic/rock performances & seasonal gatherings. Situated just across the street from the historic bldg at the same prominent corner location w/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/yr. Both venues' existing FF&E are included in the asset purchase, providing a substantial head start compared w/building out a new bar, restaurant & outdoor entertainment venue from scratch. Plus, the flexibility to continue the existing concepts or introduce yr own visions. The flexible layouts & existing infrastructures accommodate numerous bar/restaurant/entertainment concepts. 3 Options To Acquire This Impressive Bar & Restaurant + Beer Garden 1) Buy The Business Assets - $99,000; historic freestanding bldg + 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 bldg + adjacent beer garden with FF&E included in the rent (landlord owned); terms negotiable 3) Buy The Properties - $850,000; historic freestanding bldg + adjacent beer garden; draft system, build-outs, FF&E, bar & restaurant trade name/goodwill (beer garden name does not convey) included Prime Downtown Utica – LaSalle County – Gateway To Starved Rock Both strategically located in Utica's vibrant Mill St 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 include 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. 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 . 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!

Real Estate

Rent is $6,500 per month

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, 1e with indoor/outdoor dining & the other a substantial outdoor entertainment venue. Historic 1874 building - ~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 building (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. Zoned C-1 Central Business District. 2025 RET $4,352. SqFt: 4,748. Seating: 116 In & 204 Out. Hrs: Bar/Restaurant Mo/Th-Su 11a-8p & Fr-Sa 11a-10p+Beer Garden (Seasonal).

Support & Training

Negotiable on-site comprehensive training.

Market & Competition

A Destination Market With Strong Tourism Appeal Historic Utica is a gateway to the Starved Rock region, attracting outdoor enthusiasts, weekend travelers, day-trippers and local residents seeking dining, craft beverages and entertainment. Few opportunities combine a fully equipped historic bar and restaurant with a separate, established outdoor beer garden in the same downtown destination. The venues complement one another, offering indoor dining and year-round hospitality alongside seasonal outdoor gatherings, live music and events.

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

other entertainment and recreation business for Sale

•bar for Sale

•Business for Sale in Illinois