Courtesy: RE/MAX of Rock Valley
815-732-9100
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.
Byron is located in Illinois. Byron, Illinois has a population of 3,740. Byron is more family-centric than the surrounding county with 34.85% of the households containing married families with children. The county average for households married with children is 27.12%.
The median household income in Byron, Illinois is $66,620. The median household income for the surrounding county is $67,534 compared to the national median of $69,021. The median age of people living in Byron is 35.3 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 12.1 degrees. The average rainfall is approximately 35.6 inches per year, with 30.5 inches of snow per year.
