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488 E State Route 71, Oglesby, IL 61354
$135,000
488 E State Route 71, Oglesby, IL 61354View this property at 488 E State Route 71, Oglesby, IL 61354
488 E State Route 71OglesbyIL61354
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Property Description
Location, location, location! An opportunity like this does not come around often! Now is your chance to own a restaurant/bar location that features a fully remodeled apartment in 2020 on the 2nd level, adjacent parking lot AND a fully remodeled (in 2020) and rented home right next door! 3 Parcels total. All equipment for the restaurant remains. Main floor features an oversized bar area (988 sq/ft) with separate entrance. Main dining room (900 sq/ft) with separate entrance. Full kitchen (779 sq/ft) with basement (1257 sq/ft) and lower level office access. 2nd floor 2 BR 1 full bath apartment (566 sq/ft) can be rented or utilized by the owner. Apartment features private exterior entrance with the ability to access the restaurant as well. Adjacent parking lot has abundant parking. Add in the currently rented home (888 sq/ft) which includes all appliances, has been remodeled, resided and more. What an opportunity to have income flowing from the rentals immediately while making the restaurant location YOURS. Located just 6 minutes from the ever so popular Starved Rock State Park and Lodge. Less than 1/4 mile from the Illinois River and with a combined traffic count of just under 10,000 cars daily, this location is prime.
Full Property Details
Full Property Details for 488 E State Route 71
General
- Sold For: $135,000
- Taxes: $4,582 (2020)
- Status: Closed
- Type: Commercial
- MLS ID: 11128793
- Added to Site: 1, 057 day(s) ago
Additional Information
- Security/Safety: Ansul System, None
Parking
- Total Spaces: 29
- Parking Features: 19 to 30 Spaces
Location
- Area: Confidential Commercial Listings
- County: La Salle
- Driving Directions: Deer Park Road to the Intersection of 71 & 351.
- Location Details: Far West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Stories/Levels: 1
- Current Bldg. Use: Other
- # of Stores: 1
- Year Built: 1926
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 24,829
- Lot Dimensions: 24829
- Frontage: Public Road
- Zoning: COMMR
Financial Considerations
- Security Deposit: Ansul System, None
- Assessment Year: 1926
- Tax Amount: $4,582.98
- Tax Year: 2020
- Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
Disclosures and Reports
- Property ID: 1823403001
Listed by BHHS Central Illinois REALTORS
Sold by HomeSmart Realty Group
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Schools
Schools serving 488 E State Route 71
School Districts:La Salle-Peru Township High School District 120, Oglesby Public School District 125
Rating | Name | Grades | Distance |
---|---|---|---|
755 Bennett Ave, Oglesby, IL 61348 | PK-5 | 0.4 mi | |
212 W Walnut St, Oglesby, IL 61348 | 6-8 | 1.2 mi | |
541 Chartres St, La Salle, IL 61301 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 488 E State Route 71
Date
Details
Price
Change
Source
11/14/2022
Sold
$135,000
-15.09%
MLS
3/24/2022
Price Reduced
$159,000
-11.17%
MLS
10/09/2021
Price Reduced
$179,000
-10.46%
MLS
6/18/2021
Listed
$199,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
488 E State Route 71, Oglesby, IL 61354 (MLS# 11128793) is a Commercial property that was sold at $135,000 on November 14, 2022. Want to learn more about 488 E State Route 71? Do you have questions about finding other Commercial real estate for sale in Oglesby? You can browse all Oglesby real estate or contact a Coldwell Banker agent to request more information.