Penny Egert
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Looking for a commercial venture with the potential for additional growth?? With some renovations and updates, this property has the potential for quite a bit of additional rental income. Formerly operated as Rally Point Bar & Grill in Bowen, this commercial property includes 11,802 square feet to include a restaurant, bar, large commercial grade kitchen, multiple storage rooms, & up to 5 apartments available. This was a casual, family-friendly bar and grill that previously offered food, beverages, alcohol, gaming, and more. There are 2 parcels included with the sale. All business personal property and kitchen equipment will convey - a list of those are available upon request. This inventory includes a walk-in cooler, 3 big screen TVs, pizza oven, and so much more!! With some renovations, the apartment section could include more units &/or rentable rooms., Office SQFT M/L: 0, Retail SQFT M/L: 0, Manufacturing SQFT M/L: 0, Other SQFT M/L: 8052, Warehouse SQFT M/L: 0, Restaurant SQFT M/L: 3750, HiSpd Intrnt Fiber Avail
Property Highlights
Property Type: Commercial - Office
Building Description: 2.0 stories
Year Built: 1915
General Information
County: Hancock
Listed By:
Brenda Young Real Estate
217-357-2145
MRED MLS
MLS ID: 12471741
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120 E 5th Street, Bowen, IL 62316.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $110,000 | $110,000 | $110,000 |
| Down Payment | $22,000 | $3,850 | $27,500 |
| Monthly Mortgage Amount | $528 | $648 | $674 |
| Taxes | $153 | $153 | $153 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $48 | $0 |
| Monthly Estimated Total | $781 | $949 | $927 |
Penny Egert
REALTOR®
Cell: (309) 269-3788
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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