Commercial: MLS #12555807 Magnolia, IL $ 19,900
Commercial: MLS #12555807
$ 19,900
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Commercial: MLS #12555807

Magnolia, IL, 61336
$ 19,900
Bedrooms-- Baths-- Sq 1,500

Monthly Estimate*

$ 123

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Commercial Property for sale in Magnolia, IL

for $19,900. This 1,500 square foot building was built on a lot size of 0.165289.

Step right up to Magnolia's most spirited opportunity -a 1,500 sq ft former bar that's seen a few things... and still has a lot of life left in it. Once the place where stories got taller and beers got colder, this corner-lot classic is ready for its next act. The walls are standing strong, the vibes are vintage, and yes-everything inside stays, including the very old beer (collectible? science experiment? conversation starter?). Out back you'll find a secondary structure that's either a fixer-upper's dream or a demolition enthusiast's playground. As for the roof-let's call it "selectively open concept." Part of it is missing, which means easy access for your contractor, your imagination, or your dramatic HGTV reveal moment. Bring it back to its former glory as a neighborhood bar, or reinvent it entirely: coffee shop, workshop, event space, antique store, man cave, she-shed, or the most talked-about studio in Magnolia. Located on a corner lot in this small-town gem, it's impossible to miss-and even harder to forget. If you've got vision, a sense of adventure, and maybe a good roofer, this could be your next great project. Cheers to the possibilities.

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Commercial Active

Price

$ 19,900

Property Type

Commercial

Taxes

$ 1,189

Style

Bar/Tavern/Lounge,Food & Beverage,Restaurant

Lot Size

0.165289

Town/City

Magnolia

County/Region

Putnam

MLS | Web ID

12555807

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Operating Stops Taxes Insurance Repairs Roof Scavenger Structure Sewer
Stories Count 1
Tax Year 2024
Business Type Bar/Tavern/Lounge Food & Beverage Restaurant
County Putnam
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial
Status Active
Directions RT 89 to Lafayette St turn RT and the property is located on the corner of Chicago and Lafayette St.
City Magnolia
MLS Area Magnolia
Lot Size Square Feet 7200
Tax Annual Amount 1189.26
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 1500
Lot Dimensions 40 X 180
Waterfront Y/N N
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* Excluded Features
List By
Landmark Realty Of Illinois Llc

Broker

jalilley24@yahoo.com

Email

Affordability Calculator

$222
Per Month
55%
45%
0%
Monthly Principal & Interest
$123
Monthly Property Taxes
$99
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1/28/2026$19,900 Listed Price

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