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120 E 5th Street Bowen, IL 62316 Commercial - Office Active

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Description

Looking for a commercial venture with the potential for additional growth?? With some renovations and updates, this property has the potential for quite a bit of additional rental income. Formerly operated as Rally Point Bar & Grill in Bowen, this commercial property includes 11,802 square feet to include a restaurant, bar, large commercial grade kitchen, multiple storage rooms, & up to 5 apartments available. This was a casual, family-friendly bar and grill that previously offered food, beverages, alcohol, gaming, and more. There are 2 parcels included with the sale. All business personal property and kitchen equipment will convey - a list of those are available upon request. This inventory includes a walk-in cooler, 3 big screen TVs, pizza oven, and so much more!! With some renovations, the apartment section could include more units &/or rentable rooms., Office SQFT M/L: 0, Retail SQFT M/L: 0, Manufacturing SQFT M/L: 0, Other SQFT M/L: 8052, Warehouse SQFT M/L: 0, Restaurant SQFT M/L: 3750, HiSpd Intrnt Fiber Avail

Property Highlights

Property Type: Commercial - Office
Building Description: 2.0 stories
Year Built: 1915

General Information

County: Hancock
Listed By:
Brenda Young Real Estate 217-357-2145
MRED MLS
$110,000
Est. $774/mo
Active
SQUARE FEET11,802 MLS#12471741
STATUSActive PROPERTY TYPECommercial - Office

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Ruhl & Ruhl Careers
563.441.1776

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120 E 5th Street, Bowen, IL 62316.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $110,000$110,000$110,000
Down Payment $22,000$3,850$27,500
Monthly Mortgage Amount $521$648$674
Taxes $153$153$153
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$48$0
Monthly Estimated Total $774$949$927

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