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104 N Florence Rd 15 Acres of Commercial Land Offered at $587,941 CAD in Pittsfield, IL 62363

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INVESTMENT HIGHLIGHTS

  • Ideal riverside location near Florence bridge on the Illinois River
  • Full lunch and dinner menus plus a complete bar service
  • Ample space with 4,288 sqft of restaurant/bar, covered outdoor patio, with stage
  • Well-established with loyal customers and diverse menu
  • Opportunity to continue current concept or innovate

EXECUTIVE SUMMARY

Riverbank Bar and Grill is a turn-key business sitting perfectly off the Illinois River and Florence Bridge. With an established name in the area, the business boasts an impressive loyal customer base, and a variety of food offerings, and is located right off the river. They currently offer a full menu for lunch and dinner along with a full bar. It’s set up so you can continue the current operation or implement your own business concept. With 4,288 sqft of restaurant/bar space, including a covered outdoor patio seating area with a well-built stage, it also offers plenty of room for future expansion. The outdoor patio also features two heaters and can be enclosed with plastic in the winter to be used year-round. The owner oversees and manages the day-to-day operations of the business. The ground from the restaurant to the river has been planted in beans this year and could continue to be planted or used for potential cabin sites or camping. The parking lot is substantially large to easily host big events. The shed on the west side of the property creates a significant amount of storage space. With a planned adjacent bridge project underway, giving better access to the business from across the Illinois River, there is a tremendous opportunity to increase revenue. Potential buyers can rest assured that this restaurant has proven to be resilient.

PROPERTY FACTS

Price $587,941 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 15.00 AC

1 LOT AVAILABLE

Lot

Price $587,941 CAD
Price Per AC $39,196.05 CAD
Lot Size 15.00 AC
  • Listing ID: 33886081

  • Date on Market: 2024-11-15

  • Last Updated:

  • Address: 104 N Florence Rd, Pittsfield, IL 62363

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