518 W. Main St.
518 W. Main St.,
Kirkland, IL 60146
Mixed-Use Property For Sale
$319,999
Price
3,025
Building SF
$106,666
Price Per Unit
9,150
Land SF
3
Number of Units
1900
Year Built
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$319,999
Price
3,025
Building SF
$106,666
Price Per Unit
9,150
Land SF
3
Number of Units
1900
Year Built
Property Summary
A rare opportunity to own a proven multi-use property in the heart of downtown Kirkland. Known as The Shady Spot, this well-established business and building combines multiple revenue streams under one roof, making it a strong investment or owner-operator play.
Bar & Gaming: A neighborhood staple with a loyal following. Features a full bar setup and 6 video gaming machines for consistent additional revenue. Laundromat: Steady cash flow with a long-standing reputation for reliable, well-maintained machines. Includes 7 washers and 8 dryers. Apartments: Two second floor residential units offer additional rental income and keep occupancy rates strong. Outdoor Beer Garden: A shaded, inviting space perfect for events, gatherings, and expanding bar service. Prime Location: Situated on Main Street with excellent visibility and foot traffic, serving both local residents and visitors.
Diverse income streams: bar, gaming, laundromat, and residential. Value-add potential: expand bar/food operations, modernize laundromat, or reconfigure apartments for higher rents. Established presence in the community with long-term customer loyalty. This is an exceptional opportunity to acquire a cash-flowing, mixed-use property with upside potential in a growing small-town market.
Highlights
High quality remodel in 2024 including all mechanicals
New HVAC system for first floor
New plumbing and electrical
Outdoor beer garden
FOR MORE DETAILS CONTACT
Andrew Prunty
Managing Broker
(847) 650-8299
andrew@commercialrealtybyapex.com
471.020524
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