$200,000
At one time the Greenhorn Restaurant was a thriving, very successful restaurant. It sustained major fire damage in 2021 and will require a TOTAL rehab. The restaurant on the main floor had a fully functioning kitchen, indoor/outdoor seating, bar, & bathrooms. Kitchen equipment is included in the sale but would need a thorough cleaning. The upstairs is framed for 5 separate apartments and will also require a TOTAL rehab as well. The apartments are either studios/loft bedroom or 1 bedroom. The total rents were just shy of $4,000 and could contribute to the mortgage payment. Financing would most likely be a commercial rehab/construction loan.
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303 Bedford Road, Morris, IL 60450 — Grundy County
IL License 475.178467 · (847) 810-8438
* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.
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