5040 N 2nd Street Loves Park, IL $ 699,900
5040 N 2nd Street
$ 699,900
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5040 N 2nd Street

Loves Park, IL, 61111
$ 699,900
Bedrooms-- Baths-- Sq 7,106

Monthly Estimate*

$ 4,366

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Commercial Property for sale in Loves Park, IL

for $699,900. This 7,106 square foot building was built on a lot size of 0.516529.

Established English Restaurant Bar - Step into a piece of Loves Park history with a now thriving and profitable English restaurant and bar. This well-maintained, character-rich establishment seamlessly blends classic charm with modern upgrades, offering a turnkey opportunity for seasoned restaurateurs or investors. Key Features: Ample Seating Capacity: Main floor accommodates approximately 188 guests, with an additional 45 seats in the upper-level dining room-perfect for private events or overflow dining. Outdoor Beer Garden: Fully equipped and ready for seasonal entertainment and events. Expansive Kitchen: Includes a Hamilton Gaylord Hood System, dumbwaiter, and fully replaced line equipment (2021+/-)-ideal for high-volume service and catering. Basement Storage: Features a walk-in freezer, walk-in fridge, dry storage, and extensive space for operational needs. Building Condition: Thoughtfully maintained with updates that preserve the building's historic charm while ensuring efficient operation. Whether you're expanding your hospitality portfolio or seeking a flagship location with a legacy, this location delivers on both character and profitability. Listing included real estate, parking lot and possible sale of the business.

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Commercial Contingent

Price

$ 699,900

Property Type

Commercial

Taxes

$ 10,305

Style

Food & Beverage,Restaurant

Lot Size

0.516529

Town/City

Loves Park

County/Region

Winnebago

MLS | Web ID

12392033

Features
General
Cooling Central Air Chillers Exhaust Fan
Possession Closing
Zoning COMMR
Tenant Pays Air Conditioning Taxes Insurance Repairs
Stories Count 3
Tax Year 2024
Business Type Food & Beverage Restaurant
County Winnebago
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Contingency Attorney/Inspection
Status Contingent
Directions The restaurant is located South of Riverside Blvd.
City Loves Park
MLS Area Loves Park
Lot Size Square Feet 22500
Tax Annual Amount 10305.68
Additional Parcels Y/N Y
Lease Type Gross
Standard Status Active Under Contract
Total Actual Rent 9474
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Exterior
Building Area Total 7106
Lot Dimensions 150X50X150X50
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* Excluded Features
List By
Rion Tovar-South

Listing Agent

Loves Park - Weichert, Realtors® - Tovar Properties

Broker

Affordability Calculator

$5,225
Per Month
84%
16%
0%
Monthly Principal & Interest
$4,366
Monthly Property Taxes
$859
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/9/2025$699,900 -26.25% Price Down
8/20/2025$949,000 -5.01% Price Down
6/17/2025$999,000 Listed Price

Map


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5040 N 2nd Street, Loves Park, IL, 61111 is a Commercial Property for sale at $699,900 with 7,106 sqft and a lot size of 0.516529. The property's zip code is 61111 which is in Loves Park, IL