Description

Located on 1st Street (US-67) in Milan, IL—a major north–south U.S. highway extending 1,560 miles through the Central United States—this mixed-use property offers strong visibility and convenient access to I-280. The offering includes the real estate, operating bar business, all fixtures and equipment, and valuable liquor and gaming licenses. If the purchaser does not hold a gaming and liquor license, the seller is willing to remain involved as the licensing manager, subject to terms of the offer. The main floor is currently operating as Anna’s Tap and features recent upgrades including new plumbing, added heat in the rear room, on-site laundry, and a high-definition security system. The upper level consists of a renovated one-bedroom apartment, currently tenant-occupied on a month-to-month basis currently for $450. Gaming is supported through longstanding agreements with J&J Gaming (8 years) and ECS Gaming (5 years) for darts, pool, and jukebox services. This is an ideal opportunity for an owner-operator or investor seeking a well-located, income-producing property with established commercial and residential components.