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Listed by Rebecca Hazzardof RE/MAX of Rock Valley
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Est. payment | /mo
1,818 SqFt
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Est. payment | /mo
1,818 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,818 sqft
MLS Listing ID 12669196
Year Built 1990
Annual Tax Amount $5,260
Tax Year 2025
Lot Dimensions 22X105
Property Sub-Type Mixed Use
Property 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.
Location
State IL
County Ogle
Zoning COMMR
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
View Y/N true
Roof Type Metal
Building
Water Municipal Water
Structure Type Wood,Vinyl Siding
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
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