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Listed price in listed location currency (USD).
$525,000
$550,000

000

MLS® 12221677

  • Key Facts
  • Description
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Key Facts

Type Other
Levels Business Opportunity
Size -
Garage No
HOA Fees 
Taxes $10,168
Approx. Age 
MLS® Number 12221677

Property Address: 803 Iron Horse Pl, Monticello, IL, 61856-8145

Average square foot calculated using Size range provided by listing agent.

Description

**FOR SALE: The Red Wheel Restaurant/Bar - Monticello, IL** Strategically positioned next to Best Western Monticello Gateway Inn and Circle K Truck Stop, and directly across I-72 from Rick Ridings Ford, Kirby Medical Center, and the Monticello Railway Museum. Situated just off I-72, Exit 166, this prime location offers excellent visibility and accessibility for both locals and travelers.**Property Details: Built:1999, Size: Approx. 5, 000 sq. Ft., Seating Capacity: Total 280 (Dining: 220, Bar: 60, Outdoor Patio: Additional 50). **Bar Features:** 6 gaming machines, 1 jukebox, 1 ATM, 1 electronic dart board (All currently owned and managed by J new owner must secure their own gaming and alcohol licenses and agreements with J&J.) **Business Highlights: Turnkey Opportunity:All Kitchen equipment included (detailed list available), Gaming Revenue: Historical data accessible via the Illinois Gaming Board website, Stable Operation: 22 years of successful business, Growth Potential: Current operating hours are until 8 PM daily, despite local ordinances allowing later service (until Midnight Mon-Thurs, 1 AM Fri-Sat, and 10 PM Sun). **Why Sell? The current owner is retiring after decades of operation, offering a golden opportunity for a motivated buyer to expand hours and tap into the bar's full potential. **Financials: Owner profit/loss statements are available upon request for qualified buyers. Don't miss this rare chance to own an established restaurant/bar in a thriving location!
MLS® Number12221677
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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Price History

Oct 3, 2025End Date
$525,000Sold Price

Sold

Mar 31, 2025List Date
$550,000List Price
  • Commute

Commute

Starting Address
Destination Address
803 Iron Horse Pl, Monticello, IL

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