12 Main Street, Mount Morris, IL 61054
Ogle County
Key Facts
Description
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.
Property Information
Property Type
Business Opportunity
Sub-Type
Business
Stories
1
Living Area
2,800 sq ft
Lot Size
4,160 sq ft
Lot Dimensions
52x80
Zoning
COMMR
Days on Market
102
MLS® Listing#
12547153
Property Features
Cooling
Financial Details
Annual Taxes
$4,885
Tax year 2024
Parcel Number
08274270170000
Directions
From RT 64, go South on N Wesley Ave, go right on W Main St, property is on your right.
Affordability Calculator
$85,000
Estimated monthly payment
$2,262/mo
Principal $340,000 · Est. interest $474,330 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mount Morris, IL
- $373,529
- Median Listing Price
- 25
- Median Days on Market
- 1,806
- Median Sq Ft
- $200
- Median Price / Sq Ft
- 113
- Active Listings
- This home’s price is 14% above the area median.
- Its price per sq ft is 24% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mount Morris, IL.
Location
Points of Interest in Mount Morris, IL
Showing the Mount Morris area map.
Nearby Schools
Black Hawk Junior High School
Secondary · 0.3 mi away
Etnyre School
School · 5.2 mi away
Oregon Community Unit School District No 220
School · 5.3 mi away
Jefferson Elementary School
Elementary · 5.3 mi away
Oregon High School
Secondary · 5.4 mi away
Polo Community High School
Secondary · 8.1 mi away
Polo Community Unit School District
School · 8.2 mi away
Aplington Middle School
Secondary · 8.2 mi away
Centennial Elementary School
Elementary · 8.4 mi away
German Valley Grade School
Elementary · 8.9 mi away
Forrestville Valley School District
School · 8.9 mi away
Forreston High School
Secondary · 8.9 mi away
Forreston Grade School
Elementary · 9.0 mi away
Faith Christian School
Secondary · 10.0 mi away
Byron School District 226
School · 10.3 mi away
Byron Middle School
Secondary · 10.3 mi away
Mary Morgan Elementary School
Elementary · 10.3 mi away
Byron High School
Secondary · 10.3 mi away
German Valley Grade School
School · 11.8 mi away
Chana Education Center
Secondary · 11.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 208 N Graylynn Drive, Mount Prospect, IL | $309,900 | 3 | 1 | 1,064 |
| 250 W Parliament Place 301, Mount Prospect, IL | $315,000 | 3 | 2 | 1,600 |
| 1638 Periwinkle Court, Morris, IL | $318,500 | 3 | 3 | 1,750 |
| 1153 S Linneman Road 1153, Mount Prospect, IL | $319,900 | 2 | 2 | 1,200 |
| 1198 Lisbon Street, Morris, IL | $319,900 | 3 | 2 | 1,847 |
| 0 S Prairie Drive, Morris, IL | $324,500 | — | — | — |
Moving Cost Estimate
EXIT Agents in Mount Morris
Listing Courtesy: RE/MAX of Rock Valley - 8157329100
Last Updated: 2026-01-14