Sold
Well Known And Established Yellow Rose Saloon In Lomax
Acreage
1 ±
County
Henderson
SOLD
Address 1085 E Russell ST Lomax, IL 61454
View on Google MapsDescription
Here is an excellent opportunity to purchase an investment or owner/operator property that is well-known, established, full of inventory, and with experienced waitstaff ready to help! Welcome to the Yellow Rose Saloon in Lomax, Illinois! The Yellow Rose has been one of the staple gathering places for years, with the current owner operating the establishment for 18 years! The property sits conveniently on a corner lot along a well-traveled state highway and offers a full bar, restaurant, dining room, gaming machines, outdoor seating area, large outdoor stage, mobile home, and plenty of FUN! The new owner will be ready to operate the saloon right away, with the seller leaving all the inventory and equipment in place at the time of closing and experienced employees willing to stay in place to continue uninterrupted service to its patrons! The property also comes with a 3 bedroom, 2 bathroom mobile home for the new owner to live on-site or rent for an additional income. Additional income sources for the property include gaming machines and the opportunity to host outdoor events and bands under the roof at the outdoor stage. Additional items include a walk-in cooler, a walk-in freezer, restaurant/bar equipment, a large storage room/garage, TVs, a popcorn maker, arcades, a dartboard machine, and much more! Contact listing agent Brent Reneau today for additional information, or to schedule your showing with our very motivated sellers!
Details
- Well known and established saloon with great exposure/traffic
- Property will transfer with current inventory and equipment
- Established daily menu & happy hour drink specials
- Frequently visited by repeat patrons for cold drinks and delicious food specials
- 3 bedroom, 2 bathroom mobile home on site (approx 1280 Sq Ft w/fenced back yard)
- Gaming machines offer another solid revenue source
- 30'X40' outdoor stage
- 14.5'X32' storage building
- 24'X24' attached cold storage that could serve as garage
- Carport, and numerous outdoor picnic tables
- Detailed security and camera system in office
- Very motivated sellers-Priced well below assessed value
Summary
Land Type
Commercial and Development
Property Type
Commercial Land
Land and Farm Property Types
Land - Commercial/Other, Land - Retail
Road Frontage
County Road, State Highway
Road Surface
Pavement, Blacktop/Asphalt
Outbuildings
Garage
Improvements/Features
Seller's Mineral Rights Convey
Roads
Road Frontage, Road Access
Type of Home
Residential
Nearby Features
Public Hunting, Public Fishing, Marina, Camping/Campground, Airport, Boat Ramp, Public Access Area, RV Park, Golf Course
Other Property Details
Utilities
- electric: onsite
- water: onsite
- sewer: onsite
- gas: onsite
- internet: onsite
Coordinates
40.6818, -91.0708
Annual Taxes
$6,655
Sold Property
For more information or to see additional properties currently for sale see Brent Reneau's listings.