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126 Oak Street, Arcola, IL – $259,000

  • $259k Price
  • 5,800 Sqft
  • $259k Price
  • 5,800 Sqft

126 Oak Street

Highly profitable restaurant & bar located in the beautiful downtown area of Arcola, IL. This restaurant has been entirely renovated over the past two years. The owner recently put on a new $30,000 roof, renovated lights and plumbing, added new chairs & tables. The kitchen has been renovated with new appliances, hood, and Ansul system. The owner has also added a new $5,700 surveillance system, and new TV's. The restaurant currently has FIVE gaming machines and that will be increasing to SIX. Gaming machine bets are also being raised from $2 to $4 shortly. Gaming aspect of business alone making over $110,000 annually. Restaurant on pace to sell over $500,000 of food & liquor in 2019 in addition to gaming revenue. The business typically has $25,000 to $30,000 of food & liquor in inventory. Business will sell with everything, in addition to FB page, website, and name if desired. Owner relocating to save money on kids out of state tuition & find a more business friendly state.

Essential Information

  • MLS® #10446075
  • Price$259,000
  • Square Footage5,800
  • Acres0.00
  • TypeCommercial
  • Sub-TypeBus / Bus w/Real Est
  • StatusActive

Community Information

  • Address126 Oak Street
  • AreaCCAR-South
  • CityArcola
  • StateIL
  • Zip Code61910


  • Parking Spaces50


  • HeatingForced Air
  • Stories1


Central Air, Exhaust Fan/s, Heat Pump


  • Lot DescriptionCentral Business District

Additional Information

  • ZoningCOMMR

Listing Details

  • OfficeColdwell Banker The R.E. Group
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Price Change History for 126 Oak Street, Arcola, IL (MLS® #10446075)

Date Details Change
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $295,000 to $259,000 $36,000 (12.20%)
Status Changed from New to Active

Coldwell Banker The R.E. Group.

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Listing information last updated on November 12th, 2019 at 1:06pm CST.