Boomerang’s Bar & Grill

SaleRestaurantRetail 4,563 SF
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1309 E Washington St
Urbana, IL 61802
Price: $625,000.00
Building Size: 4,563 SF
Lot Size (sqft): 22,726 SF
Lot Size (acre): 0.52 AC
Zoning: B-3 General Business
Tax PIN: 92-21-16-327-017
RE: $8036.80 -2021
Year Built : 1973

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to offer for sale Boomerang’s Bar & Grill in southeast Urbana. This well established neighborhood watering hole and grill has been in operations for decades and current ownership is looking into their next business venture. Current ownership has established the business as a live music hotspot in Champaign-Urbana with great food specials including Wing Wednesday and Fish Fry Friday. The building is 4,563 SF with 3,024 SF used for the bar & grill operation and three (3) garage bays totaling 1,539 SF that can be rented out for additional income (currently rented for $75/Mo/bay). The establishment, like many others (by state and local orders), periodically shut down during the Covid-19 pandemic, however is back to almost full operations (Currently not serving Breakfast.) During that time, several updates were installed including: New roof, Air Purification System, New Parking Lot, New Walk-in Cooler, and New Exterior Insulation totaling over $160,000. The establishment has a full kitchen & bar (available upon request) and had additional gaming revenue of about $8,000 per mo (Owner share). Full financials available upon request with a signed NDA (available on the property website: www.cbcdr.com).

Area Description

Boomerang’s Bar & Grill is located in South East Urbana just off the corner of East Washington St. & Philo Rd with primarily residential neighborhoods to the west, north, and south. This local hotspot is just minutes from downtown Urbana and the University of Illinois.

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