Listing provided courtesy of Keller Williams RevolutionMREDas Distributed by MLSGrid- MLS# 12622220MLS Provider

206 W Locust StreetFairbury, IL 61739

Commercial · 2,102 Sq. ft.
$160,000 Active

206 W Locust Street Overview

Time on Site:
68 days
Visits:
1

Excellent opportunity to own a well-established bar in the heart of Fairbury, IL. This centrally located property features strong street presence along a classic downtown corridor, surrounded by local businesses and steady foot traffic. The brick facade and covered entry provide a welcoming, small-town charm while offering practical weather protection for patrons entering and exiting. Inside, the property is configured for immediate operation with a spacious, open-concept layout centered around a full-length wooden bar. The bar area offers ample seating with multiple stools, durable finishes, and a functional service setup designed for efficiency during peak hours. Behind the bar, you'll find commercial-grade refrigeration, beverage displays, and a well-organized service station, creating a turnkey environment for continued operation. The interior showcases a classic neighborhood tavern aesthetic with wood-paneled walls, tile flooring, and a relaxed, inviting atmosphere that appeals to a loyal local customer base. Overhead lighting and ceiling fans provide comfortable airflow and visibility throughout the space. A mounted TV and entertainment-friendly layout makes this an ideal setting for hosting events, game nights, or live entertainment.

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206 W Locust Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,102
  • Price/Sq.ft. $76

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Scheduled Income: 42993
  • Net Operating Income: 29553

Building Information

  • Year Built: 1969

Location/Region

  • County Or Parish: Livingston
  • MLS Area Major: Fairbury

Tax Information

  • Tax Annual Amount: $2,815.00
  • Tax Year: 2025

General Information

  • New Construction: No
  • Parcel Number: 252503451010
  • Property Sub Type: Neighborhood Storefront
  • Property Type: Commercial Sale
  • Zoning: RTAIL

Interior

Building Interior

  • Building Area Total: 2102

General Information

  • Cooling: Central Air, Exhaust Fan, Ceiling Fan(s)
  • Electric: Circuit Breakers
  • Flooring: Tile
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 2102

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 150x25
  • Lot Size Square Feet: 3920

Building Exterior/Construction

  • Construction Materials: Brick, Vinyl Siding

General Information

  • Number Of Units Total: 1

206 W Locust Street Neighborhood

Community

61739 (FAIRBURY) Demographics

40
Median Age
47
Population Density (per sq. mile)
30%
College Educated
$61,375
Estimated Median Income
1,272
Estimated Total Home Owners
611
Estimated Total Renters
68% / 32%
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.

206 W Locust Street Monthly Cost

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* 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.

206 W Locust Street Market Data

Based on the last 30 days in this zip code

$300,083
Average List Price
$166
Average Price per Square Foot
4
Properties Sold
35
Average Days on Market
24
Properties for Sale
Calculations provided by Reliance Network

206 W Locust Street History

Date Event Value Agent
4/27/2026Source: MRED Status Change
Active
4/22/2026Source: MRED Added to Database
April 22, 2026