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307 N Main Street

Loraine, IL 62349
  • $490,000
  • STATUS: Active
  • ON SITE: 72 Days
  • ID#: CA1026516
Price Reduced
UPDATED: 35 min ago
$490,000
  • 0
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Discover an extraordinary opportunity to own a unique rural destination venue and bar at 307 N Main St, Loraine, IL. This exceptional property, formerly a school, now operates as a well-established bar and event venue, covering approximately 12,320 square feet. The building has been thoughtfully updated with contemporary functionality and includes a geo thermal system. Nestled on a spacious 5-acre plot, this venue offers ample room for expansion, ideal for enhancing your event operations. The potential for culinary expansion is notable, with space available in the former school cafeteria to introduce a full-service kitchen. The ambiance of the property is one of its most striking features. The front bar area, situated in the old gymnasium, boasts the original basketball tile floor and impressive 19-foot ceilings, creating a nostalgic and inviting atmosphere. This area also includes a cozy gaming room, adding to its appeal. In the back of building, a large room stands ready for significant events and gatherings. It's currently a hub for local bags leagues and has proven to be an ideal setting for wedding rehearsals and receptions, exemplifying its versatility. This property isn't just a building; it's a centerpiece in the community. It's a place where memories are made and new stories begin. As a potential owner, you have the chance to continue this legacy.

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© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2024-03-01T14:45:06.57.
www.kathygarst.com/homes/146147383
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307 N Main Street Loraine, IL 62349

  • Price: $490,000
  • Status: Active
  • On Site: 72 Days
  • Updated: 35 min ago
  • ID#: CA1026516
0
Beds
0
Baths
0
½ Baths
5
Acres
Neighborhood:
Any Other Areas
County:
Adams
Area:
Any Other Areas
Property Description
Discover an extraordinary opportunity to own a unique rural destination venue and bar at 307 N Main St, Loraine, IL. This exceptional property, formerly a school, now operates as a well-established bar and event venue, covering approximately 12,320 square feet. The building has been thoughtfully updated with contemporary functionality and includes a geo thermal system. Nestled on a spacious 5-acre plot, this venue offers ample room for expansion, ideal for enhancing your event operations. The potential for culinary expansion is notable, with space available in the former school cafeteria to introduce a full-service kitchen. The ambiance of the property is one of its most striking features. The front bar area, situated in the old gymnasium, boasts the original basketball tile floor and impressive 19-foot ceilings, creating a nostalgic and inviting atmosphere. This area also includes a cozy gaming room, adding to its appeal. In the back of building, a large room stands ready for significant events and gatherings. It's currently a hub for local bags leagues and has proven to be an ideal setting for wedding rehearsals and receptions, exemplifying its versatility. This property isn't just a building; it's a centerpiece in the community. It's a place where memories are made and new stories begin. As a potential owner, you have the chance to continue this legacy.
Exterior Features

Construction Materials BlockBrickMasonry Roof Asphalt/Fiberglass

Interior Features

Building Area Total 12320 Flooring ConcreteWood Handicap Modified Yes Heating Geothermal

Property Features

100 Year Flood Plain No Agent Owned No Building Name Outskirts Bar & Venue Financing Cash OnlyConventionalNegotiable Frontage Type City Street Irregular Lot YN No Levels One Possible Use Bar/TavernInvestment Sewer Other Tax Annual Amount 2047 Tax Year 2022 Type Commercial Underground Storage Tank YN No Water Source Municipal/City

Listing provided courtesy of Max Dancer of Happel, Inc., REALTORS: Office: 217-224-8383.
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2024-03-01T14:45:06.57.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711