216 N Union Street,Byron, IL 61010
Byron, IL 61010
Description
Formerly known as Spanky's Bar, this iconic Downtown Byron property presents a rare opportunity to reimagine a well known local landmark and create something truly special. Whether you're an entrepreneur, investor, or business owner, this approximately 4,000-square foot building offers the flexibility and potential to bring your vision to life. The current concept for the property includes transforming the main floor into a modern bar and kitchen space while utilizing the second floor as a private event or party room. There is also potential to create an apartment, short term rental, or Airbnb on the upper level, providing an additional income stream and maximizing the property's value. The building offers two floors ready for renovation and customization, making it an ideal blank canvas for a restaurant, bar, retail business, entertainment venue, mixed use development, or countless other possibilities. A newer partial basement with a poured concrete foundation provides ample storage space and functionality. An additional bonus is the existing liquor license attached to the property, which may be transferable to the new owner, helping accelerate plans for a hospitality focused business. TIF (Tax Increment Financing) funds from the City of Byron may also be available to assist with redevelopment and improvements, creating even more opportunity for a successful project. Opportunities like this in Downtown Byron don't come around often. Take advantage of a highly visible location, a recognizable building with local history, and endless possibilities for redevelopment. Make your dream a reality and turn this Downtown Byron landmark into the next great destination for the community.
Details
| MLS # | 12669196 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1990 |
| Days On Site | 143 |
| Listing Provided By | RE/MAX of Rock Valley | Rebecca Hazzard |
Features
| SQ Feet | 1,818 |
|---|---|
| Story(s) | 2 |
| Units | 1 |
| Zoning | COMMR |
Interior
| Cooling | None |
|---|
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Wood, Vinyl Siding |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected |
|---|---|
| Electric | None |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 5260.34 |
Area Information
| State | IL |
|---|---|
| County | Ogle |
| City | Byron |
| Zip Code | 61010 |
| Area | Byron |
| Listing VS Median (in 61010) | |
Price: $250,000 low | high Med: $306,250 sqft: 1,818 low | high Med: 2,278 $ / sqft: $138 low | high Med: $136 On site: 143 low | high Med: 25.5 | |
Market Activity 61010
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Learn More About This Property
| State | IL |
|---|---|
| County | Ogle |
| City | Byron |
| Zip Code | 61010 |
| Area | Byron |
| Listing VS Median (in 61010) | |
Price: $250,000 low | high Med: $306,250 sqft: 1,818 low | high Med: 2,278 $ / sqft: $138 low | high Med: $136 On site: 143 low | high Med: 25.5 | |
