Courtesy of: Tanner Kibe, Keller Williams Advantage Realty, tkibe@kw.com
Courtesy of: Tanner Kibe, Keller Williams Advantage Realty, tkibe@kw.com
$389,000
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Lot: 0.55 Acres
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Other
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$389,000
236 N MAIN Street Historic Milroy Hotel/Bar with Income-Generating Apartments - 16, 000+ Sq Ft of Opportunity Welcome to a rare investment opportunity in the heart of charming Milroy! This historic 16, 000+ sq ft mixed-use property offers a turn-key bar and restaurant space, plus five residential apartments-four fully finished and rented, with one awaiting your custom design. The bar and dining area features seating for 50, a welcoming U-shaped bar, a pool table, and brand-new high-top tables. Serve up a small-plate menu with confidence using the brand-new UL-rated commercial kitchen, complete with a new hood, three bottle coolers, three freezers, and an ice machine. Upstairs, you'll find four apartments-two currently rented at $550/month and others $650/month, providing reliable income from day one. The fifth apartment is unfinished, offering you a blank canvas for additional value creation. Multiple storage rooms provide ample space for supplies or future expansion. Comfort is ensured year-round with central air for efficient cooling throughout. The property also features a large off-street parking lot-a major plus in this friendly small town setting. Whether you're looking to run a business, expand your investment portfolio, or live on-site while earning passive income, this property offers flexibility, history, and huge potential. Liquor license included. Recent appraisal completed,
Courtesy of: Tanner Kibe, Keller Williams Advantage Realty, tkibe@kw.com
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