111 W 4TH ST Active Save Request In-Person Tour Request Virtual Tour
Milan,IL 61264
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $99
MLS Listing ID QC4261833
Annual Tax Amount $4,785
Tax Year 2023
Lot Size 4,791 Sqft
Property Sub-Type Commercial
Property Description
Located on 1st Street (US-67) in Milan, IL—a major north–south U.S. highway extending 1,560 miles through the Central United States—this mixed-use property offers strong visibility and convenient access to I-280. The offering includes the real estate, operating bar business, all fixtures and equipment, and valuable liquor and gaming licenses. If the purchaser does not hold a gaming and liquor license, the seller is willing to remain involved as the licensing manager, subject to terms of the offer. The main floor is currently operating as Anna's Tap and features recent upgrades including new plumbing, added heat in the rear room, on-site laundry, and a high-definition security system. The upper level consists of a renovated one-bedroom apartment, currently tenant-occupied on a month-to-month basis currently for $450. Gaming is supported through longstanding agreements with J&J Gaming (8 years) and ECS Gaming (5 years) for darts, pool, and jukebox services. This is an ideal opportunity for an owner-operator or investor seeking a well-located, income-producing property with established commercial and residential components.
Location
State IL
County Rock Island
Area Qcara Area
Zoning B-2
Interior
Heating Forced Air
Cooling Central Air
Flooring Concrete
Exterior
View true
Roof Type Membrane
Building
Sewer Public Sewer
Water Municipal/City
Structure Type Concrete,Vinyl Siding,Block