Historic Restaurant & Bar Downtown Burlington, IL

BURLINGTON, Illinois

Asking Price	$600,000	Year Established	1970
Annual Revenue	$0	Reason for Selling	Has other business interests and cannot devote the time/attention it deserves.
Annual P/L	$0	Attention	Brian O'Kelly
Annual Cash Flow	$0	Listing Number	1019106
# of Employees	6	Business Category	Food & Beverage: Bars, Clubs, Nightspots

Business Overview:

Historic 1908 Restaurant & Bar Downtown Burlington, IL - Real Estate Included!

“Renovated In 2023 - Fully Equipped - Turnkey - Income-Producing Rental Apartments Above”

Own a piece of history! Acquire or lease a restaurant and bar in the heart of charming downtown Burlington, combining more than a century of character with extensive modern improvements for an experienced restaurateur, chef, owner-operator or investor.

Three acquisition options: Buy The Property - $600,000: entire mixed-use building, restaurant FF&E and two 2nd-floor apartments generating $2,500/mth ($30,000/yr) gross rent. Buy The Business Assets - $75,000: furniture, fixtures, equipment and build-out with a new $4,500/mth lease. Lease Fully Equipped - $4,500/mth modified gross, including existing FF&E.

The landmark interior showcases an extraordinary original back bar, vintage tile floors, antique mirrors, decorative tin ceilings and warm wood finishes, an atmosphere no modern build-out can replicate. The 2023 renovation covered the commercial kitchen, HVAC, roof, windows, tuckpointing and mechanical systems. Kitchen features a Rational combi oven, Globe 4ft char grill, Vollrath flat-top griddle, Dukers 4-burner range, Frymaster & Avantco fryers, Alto-Shaam & Lockwood holding cabinets, multiple commercial refrigerators & freezers, basement walk-in cooler and stainless prep & storage equipment.

Property Features and Assets:

<p>Prominently situated on Main St in downtown Burlington, the property benefits from a long-established restaurant history, surrounding residential communities and convenient access to the greater Fox Valley region. It has historically drawn diners from well beyond the village. Main St carries 4,400 VPD, with nearby Plank Rd carrying 7,450–8,150 VPD. </p><p>Burlington Township’s median household income is ~$123,836 with a median home value of ~$384,800. Neighbors include a local tavern and established businesses, and the site is minutes from Burlington Park, community celebrations and local events, plus 1.6 miles from Burlington Prairie Forest Preserve and its bison herd.<br><br>SqFt: 4,511 (2,255 Restaurant + Full Basement + 2,256 Apartments)<br>Seating: 14 Dining Tables + Bar Seating<br>Hrs: We-Th & Su 4p-8p, Fr-Sa 4p-9p (Closed Mo-Tu)<br>Owners Role: Absentee<br>Training: Negotiable on-site comprehensive training<br>Property: Owned, 0.13 acres plus adjoining lot, commercial zoning, street parking, 2025 taxes $11,486<br></p>

Market Competition and Expansion:

<p>A one-of-a-kind chance to save time, money and start-up costs. Why spend hundreds of thousands of dollars and months building a restaurant from scratch when the expensive work is already done? With FF&E replacement cost at $250,000–$400,000, aspiring owner-operators, experienced restaurateurs, expanding restaurant groups and investors gain a compelling combination of a desirable location, recent renovations, valuable equipment and flexible deal structures in one of Kane County’s charming historic downtown districts. </p><p>Continue the long-standing supper club tradition or introduce your own concept; the historic bar, dining room and kitchen suit a steakhouse, chophouse, Italian restaurant, gastropub, upscale tavern, neighborhood bar and grill, chef-driven concept or private event space. Current dinner-only operations leave clear upside through lunch, weekend brunch, expanded hours and private events. Burlington permits licensed video gaming, offering another potential revenue stream. An established online presence, reservation capabilities and longstanding customer recognition support anyone continuing the existing concept.<br></p>

Additional Details: