309 East Walnut Street

Oglesby, IL 61348

$295,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Commercial Restaurant for Sale on Busy Route 178 Location: Situated on bustling Route 178, the gateway to Starved Rock State Park Less than 3 miles from Interstate 39 One of the few commercial buildings in Oglesby with its own private parking lot, accommodating over 20 cars Restaurant Features: Established building currently operating as a restaurant Spacious bar area with seating for 15 stools Two distinct dining areas, ideal for hosting private parties or events Inviting outdoor patio seating...Prime Commercial Restaurant for Sale on Busy Route 178 Location: Situated on bustling Route 178, the gateway to Starved Rock State Park Less than 3 miles from Interstate 39 One of the few commercial buildings in Oglesby with its own private parking lot, accommodating over 20 cars Restaurant Features: Established building currently operating as a restaurant Spacious bar area with seating for 15 stools Two distinct dining areas, ideal for hosting private parties or events Inviting outdoor patio seating for al fresco dining Dedicated gaming section for additional entertainment Included: All restaurant furnishings and fixtures Fully equipped kitchen and dining areas ready for immediate operation Additional Opportunities: Upstairs features two bedrooms and 1.5 baths, presenting a potential rentable living area with the addition of a small kitchenette Perfect For: Aspiring restaurateurs looking for a turnkey operation Investors seeking a lucrative commercial property in a high-traffic area This property offers a unique opportunity to own a well-established restaurant in a prime location with ample parking and significant potential for growth. Don't miss out on this rare find in Oglesby!
  1. Listed by Tammy Barry • Homesmart Realty Group IL

Property Details for 309 East Walnut Street

Area
Jonesville / Oglesby / Vermilionville / Piety Hill
Township
LaSalle
Zoning
COMMR
LISTING UPDATED: 10/15/2024 02:38 PM

Property Details for 309 East Walnut Street

StatusActive
MLS #12114210
Days on Market179
Taxes$1,974 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1909
Lot Size0.25 AC / 11,050 SF
CountyLaSalle County

Building Information for 309 East Walnut Street

Stories2Residences1Year Built1909Lot Size0.25 AC / 11,050 SF

Property Information for 309 East Walnut Street

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: State Road
  • Geographic Locale: Southwest Suburban
  • Information: List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Ceiling Units
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 100 X 149
  • Lot Size Square Feet: 11050.0
  • Stories: 2
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s,Partially Sprinklered
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5544
  • # Of Offices: 0
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
  • MRD_UNC: Yes
Property and Assessments
  • Possible Use: Commercial
  • Public Document Count: 0
  • Photos Count: 17
Miscellaneous
  • Current Use: Commercial
  • Location: Corner,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Income & Expenses
  • Electric Expense: $1,400.00
  • Fuel Expense: $500.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $600.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 0
  • Water Expense Source: Owner Projection
  • Other Expense: $.00
  • Trash Expense: $300.00
  • Water Sewer Expense: $100.00

Property History for 309 East Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 309 East Walnut Street

Taxable ValueLand$4,853Additions$15,564Total$20,417
Home Facts
Total Finished SqFt5,544 SqFtAbove Grade Finished SqFt5,544 SqFtLot Size7,405 SqFtStyleMiscellaneous CommercialYear Built1909CountyLASALLEAPN18-36-201-008

Schools near 309 East Walnut Street

This home is within Oglesby Esd 125 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

Washington Elementary School
Public6 to 8

La Salle-Peru Twp High School
Public9 to 12

Holy Family Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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309 East Walnut Street is a mixed use property for sale in Oglesby, IL 61348. This property was listed for sale on August 5, 2024 by Homesmart Realty Group IL, it's currently listed at $295,000. It has been on the market for a total of 179 days and was last sold on April 29, 2021. This listing's school districts are Oglesby Esd 125 School District, La Salle-Peru Twp Hsd 120 School District. Nearby schools include Lincoln Elementary School, Washington Elementary School and La Salle-Peru Twp High School. 309 East Walnut Street is a 0-bed, 0-bath, mixed use property built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Homesmart Realty Group IL

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/15/2024 02:38 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.