407 Lincoln HighwayRochelle, IL 61068

Priced at $545,000

Listing Details

  • $545,000
  • MLS# 12664456
  • Type Commercial - Investment
  • Status Active
  • 6,820
    Square Feet
  • 0.062 acres
    Lot Size

Description

A rare opportunity to own a truly one-of-a-kind historic mixed-use property where timeless character meets modern convenience. The original front portion of the building was constructed in 1863, with an addition completed in 1903. Encompassing 6,820 square feet, this remarkable property has been meticulously restored and transformed by its current owners into a true labor of love. From 2019 to 2021, the building underwent an extensive renovation from the ground up. While preserving the original brick walls, stunning tin ceilings, and historic charm, nearly every interior component was replaced or upgraded, including windows, electrical,...read more plumbing, fixtures, flooring, and mechanical systems. The result is a beautiful blend of old-world craftsmanship and modern functionality. The property has been operating as four businesses under one roof, the possibilities for this property are endless. The main level features a charming retail boutique and an exceptional gourmet farm-to-table restaurant. The lower level is home to the Scalehouse Lounge, a unique speakeasy-inspired space showcasing a custom bar crafted from a vintage grain bin. Behind the bar sits the historic Hub Printing scale from the company that printed the first issue of Playboy magazine-ingeniously repurposed as a liquor display and unforgettable conversation piece. Additional lower-level amenities include heated floors, heated exterior entry steps, antique light fixtures, a gaming room, and two restrooms. An elevator provides convenient access between levels, assisting with restaurant operations while also enhancing accessibility throughout the building. The upper level features two beautifully appointed Airbnb suites, each offering a full kitchen and private bath. Additional improvements include a full-building sprinkler system and comprehensive security system, providing peace of mind for owners and guests alike. Whether youre looking for a restaurant and hospitality venture, an income-producing investment property, a destination business, or a unique mixed-use opportunity, this turnkey property is ready for its next chapter. Rich in history, thoughtfully renovated, and impossible to replicate, this extraordinary building is truly a hidden gem waiting for its next owner to bring their vision to life.

Features

  • Central Air
  • 3.0 Stories
  • $8,283 Taxes
View All Features

Contact the Listing Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Investment
  • Cooling: Central Air
  • Current Use: Commercial
  • Days on Site: 10
  • Drains: Courtyard, Accessible Entrance, Patio, Security Lighting, Security System, Storms and Screens (as exist), Other
  • Electric: 220 Volts
  • Exterior: Brick
  • Frontage Type: City Street, Alley Access, Paved
  • HVAC: Central Bldg Heat, Forced Air, Gas
  • Location: Central Business District, In City Limits
  • Lot Dimensions: 123.75X22
  • Lot Size: 0.06 Acres
  • Miscellaneous Indoor: Employee Kitchen, Accessible Entrance, Private Restroom/s, Public Restroom/s, Storage Inside, Other, Furnished Units Available
  • Miscellaneous Outdoor: Courtyard, Accessible Entrance, Patio, Security Lighting, Security System, Storms and Screens (as exist), Other
  • Parcel#: 24243400060000
  • Parking: Common Parking, Lighted, Public Lot, Parking On-Site, Parking-Street
  • Potential Use: Commercial, Liquor License, Retail, Special Use, Other
  • Stories: 3.0
  • Taxes: $8,283