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208 N Walnut Street Stillman Valley, IL 61084 Commercial - Investment Active

  • 208 N Walnut Street, Stillman Valley, IL 61084 Main Photo

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Description

Step into an incredible opportunity with this legendary local bar and restaurant, available for the first time in decades and offering a truly seamless, turn key transition for its next owner! With seating for more than 100 guests, this vibrant establishment combines a full dining room, a welcoming bar area, and a lively atmosphere that has made it a cornerstone of downtown Stillman Valley. Housed in a charming historic building right in the heart of the community, the property also includes a spacious one bedroom upper apartment, perfect for owner occupancy, staff housing, or additional rental income. Known throughout the region as Fritz's Wooden Nickel, this beloved destination has proudly served generations of locals and visitors, building a loyal following and a reputation for great food, friendly service, and unforgettable gatherings. This sale includes everything you need to hit the ground running, inventory (excluding a few personal items), equipment, furnishings, and even four slot machines included in the stock sale for added revenue and an easy handoff. The current owners are committed to your success and will stay on to assist with a smooth transition, ensuring operations continue without interruption. A highlight of the business is the famous summer steak fry, famous Fish Fry and incredible salad bar, a long-standing tradition that draws crowds from near and far and has become a signature event in the community. With its historic charm, thriving customer base, and unmatched local presence, Fritz's Wooden Nickel is more than just a bar and restaurant, it's a Stillman Valley institution. This is your chance to carry on the legacy, add your own vision, and take this community favorite to the next level!

Property Highlights

Property Type: Commercial - Investment
Building Description: 2.0 stories

General Information

County: Ogle
Listed By:
RE/MAX of Rock Valley 815-732-9100
MRED MLS
$349,900
Est. $2,223/mo
Active
SQUARE FEET4,422 MLS#12520494
STATUSActive PROPERTY TYPECommercial - Investment

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Ruhl&Ruhl Realtors
563.441.1776

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208 N Walnut Street, Stillman Valley, IL 61084.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $349,900$349,900$349,900
Down Payment $69,980$12,247$87,475
Monthly Mortgage Amount $1,634$2,005$2,092
Taxes $487$487$487
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$154$0
Monthly Estimated Total $2,223$2,748$2,681

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