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$689,900 -$10,000 (-1.43%) Price Reduced
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Property Description
Established English Restaurant Bar - Step into a piece of Loves Park history with a now thriving and profitable English restaurant and bar. This well-maintained, character-rich establishment seamlessly blends classic charm with modern upgrades, offering a turnkey opportunity for seasoned restaurateurs or investors. Key Features: Ample Seating Capacity: Main floor accommodates approximately 188 guests, with an additional 45 seats in the upper-level dining room-perfect for private events or overflow dining. Outdoor Beer Garden: Fully equipped and ready for seasonal entertainment and events. Expansive Kitchen: Includes a Hamilton Gaylord Hood System, dumbwaiter, and fully replaced line equipment (2021+/-)-ideal for high-volume service and catering. Basement Storage: Features a walk-in freezer, walk-in fridge, dry storage, and extensive space for operational needs. Building Condition: Thoughtfully maintained with updates that preserve the building's historic charm while ensuring efficient operation. Whether you're expanding your hospitality portfolio or seeking a flagship location with a legacy, this location delivers on both character and profitability. Listing included real estate, parking lot and possible sale of the business.
Full Property Details
Full Property Details for 5040 N 2nd St
General
- Price: $689,900
- Taxes: $10,305 (2024)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12392033
- Updated: 4/6/2026
- Added to Site: 293 day(s) ago
Business
- Business Type: Food & Beverage, Restaurant
- Years in Business: 7 to 10 Ye
Interior
- Interior Features: Common Meeting Room(s), Accessible Entrance, Public Restroom(s), Storage Inside, Other
Location
- Area: Loves Park
- County: Winnebago
- Driving Directions: The restaurant is located South of Riverside Blvd.
- Location Details: Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning, Chillers, Exhaust Fan
- Heating Type: Central Building Heat, Electric, Forced Air, Gas
Structural Information
- Stories/Levels: 3
- Square Feet: 7,106
Lot Features
- Lot Size (Sq. Ft.): 22,500
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 150 x 50 x 150 x 50
- Zoning: COMMR
Financial Considerations
- Lease Price: $16
- For Sale/Rent/Lease: For Sale or Rent
- Tax Amount: $10,305.68
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Taxes, Insurance, Repairs
Disclosures and Reports
- Property ID: 1112281013
Listed by Weichert Realtors - Tovar Prop
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Schools
Schools serving 5040 N 2nd St
School District:Harlem Unit School District 122
| Name | Grades | Distance |
|---|---|---|
Loves Park Elementary School 344 Grand Avenue, Loves Park, IL 61111 | 1-6 | 0.6 mi |
Harlem Middle School 735 Windsor Road, Loves Park, IL 61111 | 7-8 | 1.4 mi |
Harlem High School 9229 North Alpine Road, Machesney Park, IL 61115 | 9-12 | 4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5040 N 2nd St
Date
Details
Price
Change
Source
4/06/2026
Price Reduced
$689,900
-1.43%
MLS
9/09/2025
Price Reduced
$699,900
-26.25%
MLS
8/20/2025
Price Reduced
$949,000
-5.01%
MLS
6/17/2025
Listed
$999,000
272%
MLS
10/09/2014
Sold
$268,545
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5040 N 2nd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,951
5%
$107,456
13%
2023
$8,556
100%
$94,750
12%
2022
-100%
$84,689
9%
2021
$7,829
—
$77,654
6%
2021
$7,829
6%
$73,411
5%
2019
$7,394
-4%
$69,969
6%
2018
$7,728
3%
$65,940
4%
2017
$7,525
1%
$63,107
2%
2016
$7,448
-1%
$61,924
—
2015
$7,535
1%
$61,924
—
2014
$7,448
—
$61,931
-6%
2013
$7,450
3%
$65,793
-6%
2012
$7,246
—
$69,777
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5040 N 2nd St
5040 N 2nd Street, Loves Park, IL 61111 (MLS# 12392033) is a Business property. 5040 N 2nd Street is currently listed for $689,900 and was received on June 17, 2025. Want to learn more about 5040 N 2nd Street? Do you have questions about finding other Business real estate for sale in Loves Park? You can browse all Loves Park real estate or contact a Coldwell Banker agent to request more information.

