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$400,000 -$100,000 (-20%) Price Reduced
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Property Description
Exceptional opportunity in the heart of Plano! This versatile commercial property offers over two levels of functional space, making it ideal for a variety of uses including private clubs, event venues, community organizations, banquet facilities, and more. The main level features a welcoming bar area, spacious meeting/gathering room, and a fully equipped kitchen, providing the perfect setting for meetings, social events, and everyday operations. Upstairs, you'll find an expansive banquet hall capable of accommodating large gatherings, along with a full-size commercial kitchen designed to handle events of any scale. Situated on a generously sized lot with abundant parking, the property also offers ample outdoor space for festivals, fundraisers, community events, and additional entertainment opportunities. A rare chance to own a well-maintained, multi-functional property with endless potential in a highly accessible location.
Full Property Details
Full Property Details for 510 E Dearborn St
General
- Price: $400,000
- Taxes: $1,133 (2024)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12691313
Business
- Business Type: Bar/Tavern/Lounge, Restaurant
- Years in Business: 11 or More
Location
- Area: Plano
- County: Kendall
- Driving Directions: south street to will st to dearborn to property
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 2
- Square Feet: 4,500
Lot Features
- Lot Size (Sq. Ft.): 52,272
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 244 x 180 x 244 x 178
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $1,133
- Tax Year: 2024
Disclosures and Reports
- Property ID: 122478028
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Schools
Schools serving 510 E Dearborn St
School District:Plano Community Unit School District 88
| Name | Grades | Distance |
|---|---|---|
Centennial Elementary School, Plano, IL 800 South West Street, Plano, IL 60545 | 2-3 | 0.6 mi |
P H Miller Elementary School 904 North Lew Street, Plano, IL 60545 | PK-1 | 0.7 mi |
Emily G Johns School 430 Mitchell Drive, Plano, IL 60545 | 4-6 | 1.5 mi |
Plano Middle School 804 South Hale Street, Plano, IL 60545 | 7-8 | 0.4 mi |
Plano High School 704 West Abe Street, Plano, IL 60545 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 510 E Dearborn St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,133
—
$104,423
7%
2024
$1,133
-8%
$97,842
5%
2023
$1,238
100%
$93,183
4%
2022
-100%
$89,779
2%
2021
$1,308
-3%
$88,018
5%
2020
$1,347
-2%
$83,827
5%
2019
$1,378
-7%
$79,836
5%
2018
$1,483
-5%
$76,034
14%
2017
$1,556
—
$66,699
—
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 510 E Dearborn St
510 E Dearborn Street, Plano, IL 60545 (MLS# 12691313) is a Business property. 510 E Dearborn Street is currently listed for $400,000 and was received on June 29, 2026. Want to learn more about 510 E Dearborn Street? Do you have questions about finding other Business real estate for sale in Plano? You can browse all Plano real estate or contact a Coldwell Banker agent to request more information.

