Brockette Homes
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https://www.ruhlmortgage.com/BlakeEller.html
Description
Established English Restaurant Bar - Step into a piece of Loves Park history with a now thriving and profitable English restaurant and bar. This well-maintained, character-rich establishment seamlessly blends classic charm with modern upgrades, offering a turnkey opportunity for seasoned restaurateurs or investors. Key Features: Ample Seating Capacity: Main floor accommodates approximately 188 guests, with an additional 45 seats in the upper-level dining room-perfect for private events or overflow dining. Outdoor Beer Garden: Fully equipped and ready for seasonal entertainment and events. Expansive Kitchen: Includes a Hamilton Gaylord Hood System, dumbwaiter, and fully replaced line equipment (2021+/-)-ideal for high-volume service and catering. Basement Storage: Features a walk-in freezer, walk-in fridge, dry storage, and extensive space for operational needs. Building Condition: Thoughtfully maintained with updates that preserve the building's historic charm while ensuring efficient operation. Whether you're expanding your hospitality portfolio or seeking a flagship location with a legacy, this location delivers on both character and profitability. Listing included real estate, and 1 lot for parking.
Property Highlights
Property Type: Commercial - Investment
Building Description: 3.0 stories
General Information
County: Winnebago
Listed By:
Weichert Realtors - Tovar Prop
815-877-8500
MRED MLS
MLS ID: 12612467
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5040 N 2nd Street , Loves Park, IL 61111.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $989,000 | $989,000 | $989,000 |
| Down Payment | $197,800 | $34,615 | $247,250 |
| Monthly Mortgage Amount | $4,744 | $5,900 | $6,061 |
| Taxes | $1376 | $1376 | $1376 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $593 | $0 |
| Monthly Estimated Total | $6,408 | $8,157 | $7,725 |
Brockette Homes
Office: (319) 551-8692
Cell: (319) 327-7992
Licensed in IA
Cedar Rapids Office
5805 Council St. NE
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
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