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Listing provided courtesy of RE/MAX of Rock ValleyMREDas Distributed by MLSGrid- MLS# 12547153MLS Provider

12 Main StreetMount Morris, IL 61054

Commercial · 2,800 Sq. ft.
$425,000 Active

12 Main Street Overview

Time on Site:
166 days
Visits:
1

Exceptional opportunity to own both a thriving bar & grill business and the real estate in one turnkey package. This well established, local favorite is known for live music, great food, and cold beverages and already has events booked throughout 2026, providing built-in future revenue. Mullarkey's Bar & Grill was officially recognized as a Top 10 of 2025 Ogle County Award Winner in the Bar category. The sale includes all equipment and existing inventory, making this a seamless transition for a new owner. Additional income is generated through on site gambling machines. Patrons enjoy a fun, social atmosphere with dart boards, pool table, jukebox, and duck machine (all rented). Major updates have already been completed including: New roof in 2025. Furnace, A/C, and water heater in 2017. Electrical & plumbing updated in 2020. Whether you're an experienced business operator or looking to step into a profitable, fully equipped business, this property offers immediate cash flow, strong community presence, and room to grow. Don't miss this rare chance to own a proven entertainment destination with income, real estate, and future bookings already in place.

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12 Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,800
  • Price/Sq.ft. $152

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Bar/Tavern/Lounge

Location/Region

  • County Or Parish: Ogle
  • MLS Area Major: Mount Morris

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Insurance, Repairs, Roof, Sewer

Tax Information

  • Tax Annual Amount: $4,884.68
  • Tax Year: 2024

General Information

  • Parcel Number: 08274270170000
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 2800

General Information

  • Cooling: Central Air
  • Stories: 1

Unit Information

  • Unit SqFt.: 2800

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 52x80
  • Lot Size Square Feet: 4160

Waterfront/View

  • Waterfront: No

12 Main Street Neighborhood

Community

61054 (Mount Morris) Demographics

49
Median Age
92
Population Density (per sq. mile)
27%
College Educated
$47,083
Estimated Median Income
1,178
Estimated Total Home Owners
680
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

12 Main Street Monthly Cost

$
$ %
%
$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

12 Main Street Market Data

Based on the last 30 days in this zip code

$149,307
Average List Price
$111
Average Price per Square Foot
7
Properties Sold
28
Average Days on Market
14
Properties for Sale
Calculations provided by Reliance Network

12 Main Street History

Date Event Value Agent
1/19/2026Source: MRED Status Change
Active
1/14/2026Source: MRED Added to Database
January 14, 2026