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Off market
  • $280,200

    1085 E Russell St, Lomax, IL 61454

    3beds
    2baths
    1,280sqft
    Other
    Built in ----
    -- sqft lot
    $280,200 Zestimate®
    $219/sqft
    $1,737 Estimated rent

    Home value

    $280,200

    $258,000 - $303,000

    $1,737/mo

    Zestimate® history
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    $1,737/mo

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    Rent Zestimate®

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    $1,913/mo

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    $1,913/mo

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    What's special

    Here is an excellent opportunity to purchase an investment or owner/operator property that is well-known, established, full of inventory, and with experienced waitstaff ready to help! Welcome to the Yellow Rose Saloon in Lomax, Illinois! The Yellow Rose has been one of the staple gathering places for years, with the current owner operating the establishment for 18 years! The property sits conveniently on a corner lot along a well-traveled state highway and offers a full bar, restaurant, dining room, gaming machines, outdoor seating area, large outdoor stage, mobile home, and plenty of FUN! The new owner will be ready to operate the saloon right away, with the seller leaving all the inventory and equipment in place at the time of closing and experienced employees willing to stay in place to continue uninterrupted service to its patrons! The property also comes with a 3 bedroom, 2 bathroom mobile home for the new owner to live on-site or rent for an additional income. Additional income sources for the property include gaming machines and the opportunity to host outdoor events and bands under the roof at the outdoor stage. Additional items include a walk-in cooler, a walk-in freezer, restaurant/bar equipment, a large storage room/garage, TVs, a popcorn maker, arcades, a dartboard machine, and much more! Contact listing agent Brent Reneau today for additional information, or to schedule your showing with our very motivated sellers!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Source: Whitetail Properties,MLS#: 86651

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Features
    • Has basement: Yes
    • Has fireplace: No
    Interior area
    • Total structure area: 1,280
    • Total interior livable area: 1,280 sqft

    Property

    Parking
    • Parking features: Carport
    • Has garage: Yes
    • Has carport: Yes
    Features
    • Fencing: Fenced
    Details
    • Parcel number: 1215381007

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Other

    Community & neighborhood

    Security
    • Security features: Security System
    Location
    • Region: Lomax

    Price history

    DateEventPrice
    9/30/2024Listing removed$159,000$124/sqft
    Source: Whitetail Properties #86651 Report a problem
    9/6/2024Pending sale$159,000$124/sqft
    Source: Whitetail Properties #86651 Report a problem
    5/20/2024Listed for sale$159,000-29.3%$124/sqft
    Source: Whitetail Properties Report a problem
    3/14/2024Listing removed--
    Source: RMLS Alliance as distributed by MLS GRID #PA1245381 Report a problem
    9/13/2023Listed for sale$225,000$176/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1245381 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,024 +2.8%$84,025 +5.9%
    2023$6,834 +4.7%$79,316 +6.9%
    2022$6,528 +4.4%$74,165 +5.7%
    2021$6,253 -0.3%$70,179 +2.5%
    2020$6,274 -2.2%$68,447 -2.5%
    2019$6,416 +1.8%$70,168 +3.5%
    2018$6,302 +57.4%$67,769 +63.3%
    2017$4,005 +37.8%$41,502 +40.5%
    2016$2,906 $29,539 -10.8%
    2015-- $33,106 +51.8%
    2014-- $21,807 -3.7%
    2010-- $22,637

    Find assessor info on the county website

    Neighborhood: 61454

    Nearby schools

    GreatSchools rating
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