2973 N IL 71, Ottawa, IL 61350

About this listing

DESCRIPTION

Facilities: This property features 8.37 acres of improved land with 9,984 sf established supper club style restaurant, a 3,600 sf retail store, and a 1,800 shop on the parcel - along with a pond. The original 2-story barn houses much of the main restaurant and dining areas, lobby/foyer, raised floor bar area, kitchen and prep areas and back office space. There are 2 ADA restrooms on the 1st floor and 2 smaller restrooms on the 2nd floor in the banquet room. A newly installed outdoor 560 sf covered patio offers scenic views of the property and is right off of the bar and lobby areas. With seating for a comfortable 160 in the main dining areas, the upstairs banquet area hosts another 120 guests, offers a wet bar, a 2nd kitchen, fixed salad bar/buffet and small dance floor. The large, fixed salad bar/buffet that makes Hank's unique is located just off of the kitchen in the main dining area.
BUSINESS IS FULLY OPERATIONAL, PLEASE DO NOT DISTURB STAFF OR OWNERS - CALL BROKER.
Competition: Positioned right off Route 71 and minutes from I-80, you aren't just buying real estate; you are inheriting an 80-year legacy of hospitality and a front-row seat to millions of annual regional tourists. Prime location pulling tourists visiting the state parks, situated between La Salle-Peru, Marseilles, Ottawa, Streator, and Morris. With the thoughtful decor, lighting, and gift items - you're sure to enjoy a unique dining experience in the gateway to Starved Rock.
Growth & Expansion: Within Ottawa's city limits, the property is eligible for EZ benefits and some city utilities.
Potential redevelopment/additions:
- Weddings & Galas: Scenic pond, timber-framed barn, paved outdoor walkways could allow for a comprehensive, indoor/outdoor rustic wedding destination for Chicagoland couples looking for a Starved Rock backdrop.
- Boutique Lodging: Excess acreage surrounding the central restaurant/barn could assist in developing upscale cabins, a glamping village, or a small boutique inn to capture overnight tourist spillover from Starved Rock.
- Agritourism & Festivals: With deep local history as a "fauna sanctuary" with open acreage this site could also host seasonal fall festivals, craft beer gardens, farm-to-table outdoor dinners, or live music events capitalizing on Route 71 traffic.
Financing: Conventional, SBA, others
Support & Training: Owners willing to train as negotiated in a Purchase Agreement, staff plans on staying. (continued) The main kitchen features a large walk in fridge and walk-in freezer while the back storage areas include a back office, employee restroom additional office restroom, loading dock, and laundry dock. Many recent upgrades in 2020 include new AC units, new windows on both floors, new flooring in the main floor, front foyer upgrades and the new outdoor patio.