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321 NE MADISON AVE
PEORIA, IL 61603-3605
Asking Price
$2.80M
Asset Type
Business and Building Hospitality
Class
Class B
What's Special
Historic Preservation for a Restaurant & Brewery <p>Discover an extraordinary opportunity to own a piece of history and a turnkey business! This iconic downtown restaurant and brewpub boasts $2.1 million in annual sales, with over $3 million invested in renovations just five years ago.</p><p></p><p>Timeless Architectural Beauty: Built in 1870 and fully remodeled in 2016, this space combines historic charm with modern functionality. Recognized with award-winning architecture, it’s as visually stunning as it is operationally efficient.</p><p></p
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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467