307 MAIN Street Loraine, IL 62349

307 MAIN Street  Loraine IL 62349
Price Reduced For Sale
307 MAIN Street
Loraine, IL 62349
Price: $397,000
Type: Commercial Sale Commercial
Lot Size (Acres): 5
Agent: Max Dancer
Agent Phone: 217-440-3100
Agent Email: mdancer@happelcommercial.com
Broker: Happel, Inc., REALTORS
Broker Phone: 217-224-8383
Broker Email: mzhappelrealtors@yahoo.com

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.