Turn-Key Bar, Banquet Center, and Rental Opportunity in Stockton, IL - This is a rare opportunity to acquire both a thriving business and the real estate it occupies. The Red Knight Pub in Stockton, Illinois, is a fully operational, turn-key bar and banquet center that generates substantial income, with additional potential for residential development and further revenue streams. Offering a loft-style, urban atmosphere paired with a down-home, welcoming vibe, the Red Knight Pub is a long-standing neighborhood favorite. The property features a full-service bar, food service, and offers gaming machines, creating a consistent revenue stream and fostering a loyal customer base. An attached banquet hall provides nearly 2,000 square feet of additional space for private events or expanded dining. This area features a stage, a separate bar, dedicated restrooms, and private entrances, allowing it to function separately from the main bar. Above the bar, the unfinished upper level offers approximately 1,500 square feet, ideal for converting into a two-bedroom owner s residence or rental apartment, unlocking further income potential. Located in the heart of Stockton, the property includes limited off-street parking in the rear, with ample street parking readily available. This is an excellent investment for a seasoned operator or an entrepreneur looking to step into a profitable, community-rooted business with room to grow. Do not inquire about the property without an appointment. Prospective buyers must provide proof of financial viability to request the business's financial records. A non-disclosure agreement (NDA) is required before the release of any confidential information.
- Architecture Style: Other
- Exterior Type: Wood Siding
- Exterior Type: Brick
- Exterior Type: Other
- Heating System: Forced Air
- Heating System: Natural Gas
- Heating System: Other (Heating)
- MLSID: 202503136
- Roof Type: Metal
- Roof Type: Rubber