1217 5Th Street, Lacon, IL
$ 599,900
Property Attributes
  • MLS#PA1236843
  • TypeCommercial
  • CountyMARSHALL
  • CityLacon
  • AreaPAAR Area
  • Zip61540
  • StyleCommercial
  • Year Built1986
  • Taxes$ 5844
  • Price$ 599,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7515
  • Lot Size2 Acres
Data Source:
Regional MLS Alliance
Property Description

Excellent opportunity for future development, use as turn-key restaurant, or possibly both. Situated on 2 acres, and next door to the brand new Dollar General Store, this property is zoned Commercial and was formerly Kenyon's Place Restaurant. Sitting on Route 17, this property has very high visibility, and is located only .3 of a mile from Marshall County Airport. The existing building is approximately 7500 square feet on main level, has zoned heating and cooling, fire suppression system both wet and dry, three phase 800 amp electrical service, 75 kW natural gas generator, public water and public sewer, multiple walk-in coolers and freezers inside, located on the main and basement levels, a sprawling kitchen, multiple seating areas and a large bar area. Don't miss this great opportunity in a growing community!

Price History
8/11/2022 Listed $750,000
4/27/2023 21% - $599,900

General Features

Building Features Cable
City Lacon
Construction Materials Frame, Stone, Vinyl Siding
Cooling Central Air
County Marshall
Current Financing Cash Only, Conventional
Directions Rt 29 to RT 17 (5th Street)
Heating Gas, Zoned
Levels One, Basement
Lot Size Square Feet 87089.9121
MLS Area Minor PAAR Area
Net Operating Income -5845
Ok to Lease Not Applicable
Ownerpays N/A
Possible Use Bar/Tavern, Office, Restaurant, Warehouse
Property SubType Commercial
Property Type Commercial Sale
Roof Composition Shingle
Sewer Public Sewer
Standard Status Active
Status Active
Street Name 5TH
Tax Annual Amount 5844.88
Tax Year 2021
Tenant Pays NotApplic
Year Built 1986
Zoning C-2

Interior Features

Flooring Carpet, Tile/Vinyl
Street Suffix Street

Exterior Features

Days on Market 271
Showing Instructions Appointment Only, Electronic Keybox/Keysafe, Sign on Property, Text/Call Listing Agent
Building Area Total 7515
Frontage Type State Road
Lot Dimensions 295.11 X 295.11
Lot Size Acres 2
Number of Buildings 1
Water Source City Water/Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 61540

AVG $290K
AVG $2,559
AVG 38
Year Built
AVG 1977
AVG 33
Data Provided by Walkscore ® not using MLS data