205 N Main Street

Cherry, IL
$ 189,900 Beds 0 Baths 0 Sq 2,888
Monthly Estimate* How much can I afford?

Located in the historic town of Cherry, this commercial building built in 2008 comes complete with full service restaurant equipment and fixtures. High visibility location on Rte 89. Seating for 75+ dining, additional 16 bar seating. Handicapped accessible. Property and equipment have been well maintained. Dining tables, chairs, barstools in excellent, like new condition. Equipment/fixtures include, but not limited to; walk in cooler, hot/cold food service station, beverage system, four 80 pound deep fryers, Ansul system, grills, ovens, prep tables, dishwasher, exhaust system. Cookware, dishware and necessary kitchen/serving items included. Per seller all mechanicals are fully functional, have had regular maintenance care and several fixtures/equipment purchased new in last five years. Fenced outdoor patio with green space. Metal roof. Private parking on North and West side, including one handicap space, plenty of public street parking close to site. Inviting and well kept interior, featuring double sided stone fireplace, attractive hardwood bar with decorative tin ceiling above bar area. Ceramic tile and safety bars in restrooms. Suitable for family dining, private functions, business meetings, and more. Just five miles from Interstate 80, minutes from LaSalle, Peru, Spring Valley and surrounding towns. Dining establishments in the town of Cherry have a history of loyal clientele, both local and travelers from area communities. Presently, there is little competition and property is turn key ready for buyer who desires restaurant/casual dining business. Property easily adaptable for other food type business such as pizza, ice cream, day time diner etc. Commercially zoned, building could be repurposed as office, retail or other business space. Antiques on back bar, Blue Moon neon light, framed antique cocktail menu and Coal Co. sign on fireplace do not stay. Excellent opportunity for current entrepreneur to expand/add new location. Ideal situation for buyer desiring to enter restaurant/food service business.

Business Op

  • Price
  • $ 189,900
  • Lot Size
  • 12,000 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 2,888
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Cherry
  • Taxes
  • $ 3685
  • County
  • BUREAU
  • Style
  • Bar/Tavern/Lounge,Food & Beverage
  • Area
  • Cherry
  • MLS#
  • 11156431
  • Zip
  • 61317
Listing Provided by: Janko Realty & Development
Data Source: Midwest Real Estate Data (MRED) - 103 - IL

Features

General

Additional Parcels Y/N No
Business Type Bar/Tavern/Lounge, Food & Beverage
City Cherry
Cooling Central Air, Exhaust Fan
County Bureau
Days on Market 9
Directions Interstate 80 to Exit 70 Route 89 at Ladd. Route 89 North to Cherry.
Lot Size Square Feet 12000
MLS Area Cherry
Possession Closing
Property Type Bus / Bus w/Real Est
Property Type Business Opportunity
Standard Status Active
Status Active
Stories 1
Street Name Main
Tax Annual Amount 3685
Tax Year 2020
Tenant Pays Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Structure, Sewer, Gas

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 2888
Lot Dimensions 120 X100
Total Parking 12

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Loves Park, IL office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/15/2021 Listed $189,900

Property vs Zip Code Average in 61317

Price
AVG $190K
$190K
Taxes
AVG $3,685
$3,685
Visits
AVG 7
6

Map

Areas That We Cover

205 N Main Street Cherry, IL is a Single Family Home for sale at $189900 with 2888 sqft and a lot size of 12,000 SqFt Acre(s). 205 N Main Street Cherry has 0 bedrooms, 0 baths . The property's zip code is 61317 which is in Cherry, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.