307 N MAIN ST Active Save Request In-Person Tour Request Virtual Tour
Loraine,IL 62349
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,320 sqft
Price per Sqft $28
MLS Listing ID CA1026516
Originating Board rmlsa
Annual Tax Amount $2,047
Tax Year 2022
Lot Size 5.000 Acres
Acres 5.0
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
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
Flooring Concrete,Wood
Fireplace N
Exterior
View true
Roof Type Asphalt/Fiberglass
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,Masonry
Others
Tax ID 06-0-0171-000-00