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Listed by Max Gellerman • Hawkeye Commercial Real Estate
$425,000
Est. payment /mo
5,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $78
MLS Listing ID QC4260110
Annual Tax Amount $2,506
Tax Year 2023
Lot Size 0.600 Acres
Acres 0.6
Property Sub-Type Commercial
Source rmlsa
Property Description
EXCITING OPPORTUNITY TO OWN A LONG STANDING, FAMILY RESTAURANT WITH A 28-YEAR HISTORY! La Familia is a family-owned Mexican restaurant in the heart of the RB & W District in Rock Falls, Illinois. PRIME location, right on the corner of 2nd Street and 2nd Avenue, just blocks from the riverfront and parks. This restaurant is TURN-KEY and is being sold with all the FF&E and kitchen equipment. The property has a large, dry basement, with walk-in coolers, freezers, and tons of storage. In addition to the restaurant, the building also has a 500 SF +/- office in the rear, with a commercial prep kitchen space. There's also a 1 bed, 1 bath apartment upstairs currently rented to an employee for $600/month, and there's two more small apartments that need some work, but can be updated for leasing. This property sits on 0.6 acres, and includes the attached parking to the West, which could be converted to a patio/outdoor seating for the restaurant. Neighboring businesses include PJ's, The Speakeasy at La Bella Notte, Wizard of Paws, Stahr Media, 7:24 Fitness on the Rock, Coqui Comfort, Flip Side Coffee, Corner Tap, Bartini's, J W's 3rd Base, Froggy's Bar & Grill, Jeff's Juke Joint, Whiskey Barrel, The Cooler, Krupted Rides, Firehouse Fire Museum, and Sundae Funday. DO NOT miss your chance at owning a piece of history. La Familia has been very well maintained throughout its 28 years and ready for the next generation of owners!
Location
State IL
County Whiteside
Area Qcara Area
Zoning C
Direction None
Interior
Heating Forced Air, Gas
Cooling Central Air
Flooring Concrete, Tile/Vinyl, Wood
Fireplace N
Exterior
View true
Roof Type Flat,Membrane
Garage 1
Building
Faces None
Sewer Public Sewer
Water Municipal/City
Structure Type Block,Brick,Concrete
Others
Tax ID 11-28-281-012
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