Location! Location! Location! Seize this opportunity to establish your business in a highly visible location on one of the busiest roads in Coal City. This versatile commercial space offers fantastic exposure to a steady stream of passing vehicles, perfect for attracting walk-ins and boosting your business profile.
AND NOW OFFERED WITH OWNER FINANCING!!! This is fully furnished Bar and Restaurant on three acres of land (not currently operating) with multiple POS stations, exterior outdoor space for hospitality and bar service. Setup for live band or DJ space, pool tables, video games, virtual slot machines, etc. This was a family owned bar and restaurant operation under the same management for 17 years. 2021 taxes are 8,787.30. A new fire supression system and security alarm system was recently installed and approved by the county inspectors. The county requires a septic system upgrade in order to approve increased occupancy permit. The sellers have procured bids and estimates from licensed local contractor and will provide concession for work to be done. Sellers are motivated and negotiable. Contact selling agent for in person showings.
The median home value in Coal City, IL is $217,500. This is lower than the county median home value of $257,300. The national median home value is $338,100. The average price of homes sold in Coal City, IL is $217,500. Approximately 75.35% of Coal City homes are owned, compared to 20.25% rented, while 4.4% are vacant. Coal City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Coal City real estate agent to arrange a tour today!
Coal City, Illinois has a population of 5,238. Coal City is less family-centric than the surrounding county with 31.58% of the households containing married families with children. The county average for households married with children is 37%.
The median household income in Coal City, Illinois is $77,636. The median household income for the surrounding county is $81,764 compared to the national median of $69,021. The median age of people living in Coal City is 41.8 years.
The average high temperature in July is 84.5 degrees, with an average low temperature in January of 15.3 degrees. The average rainfall is approximately 37.1 inches per year, with 22.1 inches of snow per year.