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307 N Main Street

Loraine, IL 62349
  • $285,000
  • STATUS: Active
  • ON SITE: 63 Days
  • ID#: CA1040471
UPDATED: 29 min ago
$285,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Endless possibilities with this well-established bar and event venue situated on 5 acres in a peaceful rural setting! The impressive 12,320 sq ft building was formerly a school and now offers a unique blend of character and functionality. The bar area features stunning 19-foot ceilings and a gaming room, while the large event space in the back is perfect for hosting weddings, receptions, parties, and community gatherings. Geo-thermal heating and cooling provide energy efficiency year-round. The owner is currently creating two apartments, adding even more potential for income or on-site living. Great opportunity to continue its legacy or bring your own vision to life!

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-01-14T14:44:48.203.
www.loganfrazierhomes.org/homes/169823977
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307 N Main Street Loraine, IL 62349

  • Price: $285,000
  • Status: Active
  • On Site: 63 Days
  • Updated: 29 min ago
  • ID#: CA1040471
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Other
County:
Adams
Area:
Other
Property Description
Endless possibilities with this well-established bar and event venue situated on 5 acres in a peaceful rural setting! The impressive 12,320 sq ft building was formerly a school and now offers a unique blend of character and functionality. The bar area features stunning 19-foot ceilings and a gaming room, while the large event space in the back is perfect for hosting weddings, receptions, parties, and community gatherings. Geo-thermal heating and cooling provide energy efficiency year-round. The owner is currently creating two apartments, adding even more potential for income or on-site living. Great opportunity to continue its legacy or bring your own vision to life!
Exterior Features

Construction Materials BlockBrickStone Roof Asphalt

Interior Features

Building Area Total 12320 Cooling Geothermal Flooring ConcreteWood Heating Geothermal

Property Features

Agent Owned No Financing Cash OnlyConventionalNegotiable Frontage Type City Street Levels One Possible Use Bar/TavernInvestment Sewer Septic Tank Tax Annual Amount 6088 Tax Incentive1 None Tax Year 2024 Type Commercial Water Source Municipal/City Zoning No zoning

Listing provided courtesy of Jeremy Farlow of Farlow Real Estate Experts: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-01-14T14:44:48.203.
 
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