1. Illinois
  2. Loves Park
  3. 5040 N 2nd Street
$999,000

5040 N 2nd Street, Loves Park, IL 61111

  • 7,106 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.52acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $141/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Established English Restaurant Bar - The Original 1929 Mayflower. Step into a piece of Loves Park history with a now thriving and profitable English restaurant and bar. This well-maintained, character-rich establishment seamlessly blends classic charm with modern upgrades, offering a turnkey opportunity for seasoned restaurateurs or investors. Key Features: Ample Seating Capacity: Main floor accommodates approximately 188 guests, with an additional 45 seats in the upper-level dining room-perfect for private events or overflow dining. Outdoor Beer Garden: Fully equipped and ready for seasonal entertainment and events. Expansive Kitchen: Includes a Hamilton Gaylord Hood System, dumbwaiter, and fully replaced line equipment (2021+/-)-ideal for high-volume service and catering. Basement Storage: Features a walk-in freezer, walk-in fridge, dry storage, and extensive space for operational needs. Building Condition: Thoughtfully maintained with updates that preserve the building's historic charm while ensuring efficient operation. Whether you're expanding your hospitality portfolio or seeking a flagship location with a legacy, this location delivers on both character and profitability.

Listing Status:
Active
Listing Office:
Weichert Realtors - Tovar Prop : 815-877-8500
Listing Agent:
Rion Tovar-South : 815-877-8500
MLS ID:
12392033
  • A/C: Central AirChillersExhaust Fan

This listing courtesy of Rion Tovar-South, Weichert Realtors - Tovar Prop

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Loves Park Elementary School

344 Grand Ave, Loves Park, IL, 61111

Grades 1-6

0.58 miles away

H

Harlem Middle School

735 Windsor Rd, Loves Park, IL, 61111

Grades 7-8

1.37 miles away

H

Harlem High School

9229 N Alpine Rd, Machesney Park, IL, 61115

Grades 9-12

3.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.