UTICA, Illinois
| Asking Price |
$6,500 |
Year Established |
2019 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Has other business interests and cannot devote the time/attention it deserves. |
|
| Annual P/L |
$0 |
Attention |
Brian OKelly |
|
| Annual Cash Flow |
$0 |
Listing Number |
1019520 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Turnkey Landmark Bar & Restaurant + Beer Garden - Downtown Utica, IL!
“Historic 1874 Freestanding Building With Full Bar/24 Taps/Commercial Kitchen/Upstairs Event Space + Outdoor Hospitality Venue With Bar/Stage”
Rare turnkey opportunity in historic downtown Utica! Lease two complementary venues under one lease, with existing furniture, fixtures, equipment and build-outs included in the rent.
The landmark masonry bar & restaurant, extensively renovated in 2019, features exposed brick, high ceilings, dining areas and a full basement with coolers, freezers and storage. Its prominent corner location, rounded turret and vintage character create an atmosphere difficult to duplicate!
Across the street, the beer garden is a one-of-a-kind outdoor venue built from repurposed shipping containers with custom artwork, firepits and scenic Illinois & Michigan Canal views, popular for craft beers, meads, ciders and acoustic/rock performances.
Together they create a distinctive indoor/outdoor drinking, dining and entertainment destination 1.6 miles from Starved Rock State Park, Illinois’ most-visited park (~2.4 million visitors yearly).
3 Ways To Acquire:
1) Lease Fully Equipped: $6,500/mth for both properties, FF&E incl in the rent (landlord owned)
2) Buy Business Assets: $99,000; both properties, draft system, build-outs, FF&E, bar & restaurant name/goodwill (beer garden name does not convey) + new $6,500/mth lease
3) Buy Both Properties: $850,000; draft system, build-outs, FF&E, bar & restaurant trade name/goodwill (beer garden name does not convey) incl
Property Features and Assets:
<p>High-visibility corner properties sit in Utica’s vibrant Mill Street dining & entertainment district, surrounded by popular restaurants, breweries, wineries, shops & historic attractions including August Hill Winery’s tasting room. </p><p>Nearby draws include the I&M Canal State Trail, Starved Rock Lodge, Matthiessen State Park and Grand Bear Resort’s indoor waterpark. </p><p>Mill Street becomes pedestrian-friendly outdoor dining in warmer months, and October’s Burgoo Festival draws extra crowds. Near IL-178 and I-80, w/street & public parking. </p><p>Downtown retail vacancy was recently reported at 0%, highlighting the scarcity of available commercial space!</p><p>SqFt: 4,748 (~4,448 Building w/Basement + 300 Bar Structure w/4,004 Decking)<br>Seating: 116 In + 204 Out; (16 Bar+45 Dining+55 Event Space+58 Out+146 Beer Garden)<br>Hrs: Mo/We/Th 11a-8p (Fr-Sa Until 10p) (Beer Garden Seasonal)<br>Lease: $6,500/mth modified gross; terms negotiable. Tenant Pays Tax/Insurance Increases Above Base Yr<br>Property: Landlord Owned; Two Parcels Zoned C-1</p>
Market Competition and Expansion:
<p>Utica is the gateway to the Starved Rock region, attracting outdoor enthusiasts, weekend travelers, day-trippers and locals seeking memorable dining and entertainment experiences. </p><p>Few available properties combine a historic, fully equipped restaurant and bar with a separate established outdoor beer garden in the same walkable district, offering year-round indoor hospitality plus seasonal outdoor dining, entertainment and special events. </p><p>Bring your own vision: a new restaurant, gastropub, brewery-inspired concept or dining and entertainment destination. The flexible layouts and existing infrastructure accommodate numerous concepts. </p><p>Expand operating days and hours beyond the current schedule, add brunch, catering, private parties and group events, or create coordinated food-and-beverage offerings across both venues with shared branding. Capitalize on the beer garden’s outdoor setting with themed events, seasonal celebrations and tourism-driven gatherings. </p><p>Build additional business through online ordering, digital marketing, partnerships with area lodging properties and attractions, and cross-promotion between the indoor restaurant and outdoor beer garden.<br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity