IL > Loraine
Loraine, IL 62349,307 N MAIN ST
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Loraine, IL 62349,307 N MAIN ST
Loraine, IL 62349,307 N MAIN ST
Loraine, IL 62349,307 N MAIN ST
Loraine, IL 62349,307 N MAIN ST
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Desiree Housby

Desiree Housby

+1(309) 756-9610
Listed by Max Dancer • Happel, Inc., REALTORS
$ 275,000
Est. payment /mo
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Price Dropped by $50K

307 N MAIN ST Loraine, IL 62349

12,320 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 12,320 sqft

Price per Sqft $22

MLS Listing ID CA1034099

Annual Tax Amount $2,786

Tax Year 2023

Lot Size 5.000 Acres

Acres 5.0

Property Sub-Type Commercial

Source rmlsa

Property Description

Discover an extraordinary opportunity to own a unique rural destination venue and bar at 307 N Main St, Loraine, IL. This exceptional property, formerly a school, now operates as a well-established bar and event venue, covering approximately 12,320 square feet. The building has been thoughtfully updated with contemporary functionality and includes a geo thermal system. Nestled on a spacious 5-acre plot, this venue offers ample room for expansion, ideal for enhancing your event operations. The potential for culinary expansion is notable, with space available in the former school cafeteria to introduce a full-service kitchen. The ambiance of the property is one of its most striking features. The front bar area, situated in the old gymnasium, boasts the original basketball tile floor and impressive 19-foot ceilings, creating a nostalgic and inviting atmosphere. This area also includes a cozy gaming room, adding to its appeal. In the back of building, a large room stands ready for significant events and gatherings. It's currently a hub for local bags leagues and has proven to be an ideal setting for wedding rehearsals and receptions, exemplifying its versatility. This property isn't just a building; it's a centerpiece in the community. It's a place where memories are made and new stories begin. As a potential owner, you have the chance to continue this legacy.

Location

State IL

County Adams

Area Any Other Areas

Zoning Commercial

Direction Hwy 61 to County Rd 1500 E, head North on Maine St past E Center St. Building sits on the West side of North and Main St.

Interior

Heating Geothermal

Cooling Geothermal

Flooring Concrete, Wood

Fireplace N

Exterior

View true

Roof Type Asphalt

Garage 1

Building

Faces Hwy 61 to County Rd 1500 E, head North on Maine St past E Center St. Building sits on the West side of North and Main St.

Sewer Other

Water Municipal/City

Structure Type Block,Brick,Stone

Others

Tax ID 06-0-0171-000-00

agent

Desiree Housby

Team Owner & Agent | License ID: 475.187699 / S68463000

+1(309) 756-9610

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307 N MAIN ST