Closed

$1,150,000

120 Walnut Street, Champaign, IL 61820
46 days
120 Walnut Street·Champaign, IL 61820
About This Home

Discover the epitome of charm and character in this remarkable commercial property-a well-established Pub boasting a unique atmosphere that marries history and modernity. This exceptional offering is an extraordinary opportunity for entrepreneurs, investors, and visionaries alike. Key Features: Distinctive Atmosphere: Step into a world of character and ambiance as you enter this one-of-a-kind establishment. The pub showcases 14-foot ceilings that create an expansive and inviting space. The woodwork throughout the venue adds an authentic touch to the decor. Loft Apartment Rentals: Above the bustling pub, you'll find two spacious loft apartments, offering attractive rental income potential. These apartments provide an ideal living space for those who appreciate the vibrant energy of the neighborhood. Functional Basement: The property's full basement is partially finished and equipped with essential mechanicals, including a built-in cooler and an office space. This basement area can serve as valuable storage or operational space. Award-Winning Establishment: This pub is celebrated as the "Best Off-Campus Bar," a testament to its excellence and popularity within the community. A strong reputation can be a significant asset for continued success. Leased Space: The south portion of the first floor of the bar is currently leased, providing an additional stream of income and enhancing the property's versatility. Gaming License: A gaming license application has been initiated, further expanding revenue potential through gaming activities. Event Rental Space: A dedicated party area within the establishment is available for event rentals, making it a versatile venue for gatherings, parties, and celebrations. Financials Available: Detailed financial information is available upon request, subject to a signed confidentiality agreement. This data will provide valuable insights into the property's income and potential for growth. This outstanding commercial real estate opportunity offers a unique blend of historical charm, income potential, and strategic location. Whether you're an experienced entrepreneur looking to expand your portfolio or someone with a passion for hospitality and real estate, this property promises an exceptional return on investment.

MLS# 11913455Listed October 20, 2023Business Opportunity
Property Details

Beds & Baths

Size & Structure

Lot Size20 X 80

Location

CountyChampaign
Zip Code61820

Financial

List Price$1,150,000
Annual Taxes (2022)$4,944
Monthly Tax Est.$412
Parcel #422012435002
Interior Features

Cooling

Central Air
Utilities & Parking

Electric

Separate Meters
Tax & Financial
Annual Taxes
$4,944
Tax Year 2022
Monthly Tax Est.
$412
per month
Property Location

120 Walnut Street, Champaign, IL 61820Champaign County

$1,150,000
120 Walnut Street
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
46 days on market
20 X 80
$4,944/yr taxes
$6,456
estimated monthly payment
Principal & Interest
$6,044/mo
Property Tax
$412/mo
$1,150,000
20% — $230,000
3%50%
6.875%
3%12%
Loan Amount
$920,000
Down Payment
$230,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
KELLER WILLIAMS-TREC
Agent: Steve Littlefield
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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