Improved Commercial Land for Sale in Coal City, Illinois
8455 E Pine Bluff Rd Coal City, IL 60416
AND NOW OFFERED WITH OWNER FINANCING!!! This is fully furnished Bar and Restaurant on three acres of land (not currently operating) with multiple POS stations, exterior outdoor space for hospitality and bar service. Setup for live band or DJ space, pool tables, video games, virtual slot machines, etc. This was a family owned bar and restaurant operation under the same management for 17 years. 2021 taxes are 8,787.30. A new fire supression system and security alarm system was recently installed and approved by the county inspectors. The county requires a septic system upgrade in order to approve increased occupancy permit. The sellers have procured bids and estimates from licensed local contractor and will provide concession for work to be done. Sellers are motivated and negotiable. Contact selling agent for in person showings.
Directions
I-55 south to exit 240 Lorenzo Rd. Turn right (west) onto Lorenzo road and continue to Goose Lake Township where Lorenzo Rd turns into E Pine Bluff Rd. Left turn into property at 8455 E Pine Bluff Rd.
Property details
- County
- Grundy County
- Community
- Coal City / Diamond
- Elevation
- 512 feet
- MLS Number
- MRED 11917032
- Date Posted
Parcels
- 0613100001
Property taxes
- 2022
- $9,555
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 9, 2024 | Under contract | $595,900 | — | MRED |
| Sept 7, 2024 | Price drop | $595,900 | $54,000 -8.3% | MRED |
| Apr 29, 2024 | Price drop | $649,900 | $100,000 -13.3% | MRED |
| Mar 6, 2024 | Price drop | $749,900 | $100,100 -11.8% | MRED |
| Nov 3, 2023 | New listing | $850,000 | — | MRED |