307 Main St, Loraine, IL 62349
12,320 SF Specialty Building Offered at $355,000 in Loraine, IL 62349
For Sale
Active
Asking Price $355,000
- Property Type
-
Specialty
- Square Feet
- 12,320 SF
- Price / Square Foot
- $29
Listing Contacts
Max Dancer
Property Overview
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.
Property Details
- Class
- C
- Year Built/Renovated
- 1967/2023
- Stories
- 1
- Lot Size (sq. ft)
- 215,622 SF
Highlights
- 5 Acre plot, this venue offers ample room for expansion.
- Lots of natural light, featuring original indoor basketball court converted into bar with a 19' ceiling.
- Ideal setting for wedding rehearsals and receptions.
- Well establish bar and event space.
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