216 N Union St, Byron, IL 61010

Endless possibilities in the heart of Downtown Byron! Formerly known as Spanky's Bar, this approximately 4,000 square foot, two story building offers a fantastic opportunity for investors, developers, or business owners looking to create something special in a highly visible downtown location. With potential for retail, office space, apartments, or a mixed-use development, this property is a blank canvas ready for your vision! The spacious interior offers two levels of flexible space ready to be finished and customized to fit your needs. Whether you envision retail or commercial space on the main floor with residential units above, multiple rental units, or an entirely new business concept, the possibilities are exciting! Plumbing, electrical, mechanical systems, and interior finishes will need to be completed, allowing the new owner to design the space around their specific plans. A newer partial basement with a poured concrete foundation provides additional storage and utility space. TIF funds through the City of Byron may also be available to assist with eligible redevelopment and improvements. With its recognizable history, downtown location, and flexible layout, this property offers a unique opportunity to bring new life to a well known Byron building. Bring your ideas and make this blank canvas your next investment or business venture! Property is being sold as is.

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.