Listing provided courtesy of Landmark Realty of Illinois LLCMREDas Distributed by MLSGrid- MLS# 12555807MLS Provider

Magnolia, IL 61336

Commercial · 1,500 Sq. ft.
$19,900 Active

Overview

Time on Site:
152 days
Visits:
1

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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Facts & Features

  • Type Commercial
  • Sq. ft. 1,500
  • Price/Sq.ft. $13

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Bar/Tavern/Lounge,Food & Beverage,Restaurant

Location/Region

  • County Or Parish: Putnam
  • MLS Area Major: Magnolia

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Roof, Scavenger, Structure, Sewer

Tax Information

  • Tax Annual Amount: $1,189.26
  • Tax Year: 2024

General Information

  • Parcel Number: 0400035180
  • Possible Use: Commercial
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 1500

General Information

  • Cooling: Central Air
  • Stories: 1

Unit Information

  • Unit SqFt.: 1500

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 40 X 180
  • Lot Size Square Feet: 7200

Waterfront/View

  • Waterfront: No

Neighborhood

Community

61336 (Magnolia) Demographics

52
Median Age
11
Population Density (per sq. mile)
25%
College Educated
$62,500
Estimated Median Income
177
Estimated Total Home Owners
53
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Market Data

Based on the last 30 days in this zip code

$279,900
Average List Price
$201
Average Price per Square Foot
1
Properties Sold
41
Average Days on Market
1
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
2/2/2026Source: MRED Status Change
Active
1/28/2026Source: MRED Added to Database
January 28, 2026