Shelly Phares
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Exceptional opportunity to acquire an established, turnkey bar and restaurant in the heart of downtown Genoa! Located along highly traveled Illinois Route 72, Redwoods Sports Bar & Grill offers excellent visibility, an established business location and a fully equipped operation. The inviting interior features a stunning 14-seat custom live-edge wood bar, two bartender stations, a six-tap glycol draft beer system, multiple televisions, a 47-seat dining area and five gaming machines. The commercial kitchen is equipped with a six-burner stove with double oven, flat-top grill, charbroiler, two deep fryers, prep cooler, upright and chest freezers, and two walk-in coolers. Extensive improvements include a complete interior renovation in 2016, encompassing electrical, plumbing and HVAC, along with an exterior remodel. Additional updates include a new five-ton AC unit in 2020 and a refurbished hood system in 2022. Established in 1994, this longstanding downtown business offers an opportunity for an owner-operator or investor seeking an established hospitality location. Sale includes real estate, equipment and supplies, subject to the final inventory and purchase agreement. An opportunity to continue an established operation or bring a new concept to downtown Genoa!
Property Highlights
Property Type: Commercial - Investment
Building Description: 1.0 stories
General Information
County: DeKalb
Listed By:
RE/MAX Classic
815-784-2800
MRED MLS
MLS ID: 12767923
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413 W Main Street, Genoa, IL 60135.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $425,000 | $425,000 | $425,000 |
| Down Payment | $85,000 | $14,875 | $106,250 |
| Monthly Mortgage Amount | $2,348 | $2,847 | $2,821 |
| Taxes | $591 | $591 | $591 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $187 | $0 |
| Monthly Estimated Total | $3,063 | $3,749 | $3,536 |
Shelly Phares
REALTOR®
Cell: (309) 269-2669
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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