Property Listing No Longer Available for Sale

1309 E Washington St, Urbana, IL

Retail for Sale - $625,000 - 4,563 Sq. Ft.


Property Info

CIMLS#1127430
Location
  1309 E Washington St
  Urbana IL 61802
UpdatedNovember 15th, 2022
TypeRetail
Price$625,000
Building4,563 Sq. Ft.

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to offer for sale Boomerang’s Bar & Grill in southeast Urbana. This well established neighborhood watering hole and grill has been in operations for decades and current ownership is looking into their next business venture. Current ownership has established the business as a live music hotspot in Champaign-Urbana with great food specials including Wing Wednesday and Fish Fry Friday. The building is 4,563 SF with 3,024 SF used for the bar & grill operation and three (3) garage bays totaling 1,539 SF that can be rented out for additional income (currently rented for $75/Mo/bay). The establishment, like many others (by state and local orders), periodically shut down during the Covid-19 pandemic, however is back to almost full operations (Currently not serving Breakfast.) During that time, several updates were installed including: New roof, Air Purification System, New Parking Lot, New Walk-in Cooler, and New Exterior Insulation totaling over $160,000. The establishment has a full kitchen & bar (available upon request) and had additional gaming revenue of about $8,000 per mo (Owner share). Full financials available upon request with a signed NDA (available on the property website: www.cbcdr.com).


Financials