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406 Cherry Ave - Blackstone Bar & Grill

2,547 SF Sports & Entertainment Building Offered at $399,900 in Rochelle, IL 61068

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Investment Highlights

Current tenant active bar/restaurant

Executive Summary

This property & business is a thriving restaurant/Bar with stage for entertainment, great gaming revenue stream, and approx. 75+ seating capacity. Some of the features of this property are: Full bar, All new coolers, new bar and countertops, New liquor cabinets, New draft system, New hi & low top tables & chairs, All new flooring, Stage complete with LED wi-fi lighting system and stage lights, Built in streaming for DJ, marketing/advertising spots. There are several TV's within, including a 130", 75" and 2 65" flat screens. This property is being offered as a "turnkey" operation, fully staffed, and established business. The gaming revenue is an additional plus for the business. Also included is a 3 bedroom fully remodeled apartment above to create additional revenue, or for the owner/operator to live. This property has been updated through and through. Check it out today, and be your own boss tomorrow !!!

Property Facts Under Contract

Price	$399,900	Lot Size	0.05 AC
Price Per SF	$157	Building Size	2,547 SF
Sale Type	Investment or Owner User	No. Stories	2
Sale Conditions	Business Value Included	Year Built/Renovated	1920/2024
Property Type	Sports & Entertainment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$399,900
Price Per SF	$157
Sale Type	Investment or Owner User
Sale Conditions	Business Value Included
Property Type	Sports & Entertainment
Lot Size	0.05 AC
Building Size	2,547 SF
No. Stories	2
Year Built/Renovated	1920/2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.