Listing provided courtesy of R.E. DynamicsMREDas Distributed by MLSGrid- MLS# 12276832MLS Provider

119 N Lincoln StreetRansom, IL 60470

Commercial · 8,280 Sq. ft.
$439,900 Active

119 N Lincoln Street Overview

Time on Site:
517 days
Visits:
24

Make your dream a reality with this beautiful turn-key restaurant/bar. The possibilities are endless as you enter this facility. Not only will you be purchasing a property that has been well maintained, but you will also be getting a well-established business that has been in the same location for 52 years! With over 8200 sf of space, this facility features seating for over 250 people, 2 fully functioning bars, a large commercial kitchen, a short order grill, plenty of storage and cooler space, a separate banquet room and more than one storage room. All equipment is used every day and is maintained to operate properly. You will not find a facility in the area with the setup of this property. Multiple opportunities for catering, lunch deliveries, and large party reservations await you in this location. The location is also near a regularly utilized National Guard Training facility and a Power Plant, which employs numerous individuals. Business meetings, holiday parties, wedding receptions, or any other celebration you can think of, is possible at Jerry's Tap! In addition to the restaurant/bar areas, this building also features a 2 bed, 1 bath apartment upstairs that can be utilized for rental income or your own use. Properties like this don't come around very often. Schedule your showing today before it's too late!

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119 N Lincoln Street Facts & Features

  • Type Commercial
  • Sq. ft. 8,280
  • Price/Sq.ft. $53

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Food & Beverage

Location/Region

  • County Or Parish: LaSalle
  • MLS Area Major: Ransom

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs

Tax Information

  • Tax Annual Amount: $5,913.00
  • Tax Year: 2023

General Information

  • Parcel Number: 3516400025
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 8280

General Information

  • Cooling: Central Air
  • Stories: 2

Unit Information

  • Unit SqFt.: 8280

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: .025
  • Lot Size Square Feet: 10890

119 N Lincoln Street Neighborhood

Community

60470 (Ransom) Demographics

41
Median Age
12
Population Density (per sq. mile)
17%
College Educated
$72,083
Estimated Median Income
166
Estimated Total Home Owners
33
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

119 N Lincoln Street Monthly Cost

$
$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

119 N Lincoln Street Market Data

Based on the last 30 days in this zip code

$815,400
Average List Price
$333
Average Price per Square Foot
0
Properties Sold
308
Average Days on Market
1
Properties for Sale
Calculations provided by Reliance Network

119 N Lincoln Street History

Date Event Value Agent
10/14/2025Source: MRED Status Change
Active
10/9/2025Source: MRED Price Reduction
$439,900 -18.5%
10/9/2025Source: MRED Status Change
Price Change
7/31/2025Source: MRED Status Change
Price Change
7/31/2025Source: MRED Price Reduction
$539,900 -8.5%
7/31/2025Source: MRED Status Change
Active
2/2/2025Source: MRED Status Change
Active
1/28/2025Source: MRED Added to Database
January 28, 2025