236 N Main St

Historic Milroy Hotel/Bar with Income-Generating Apartments – 16,000+ Sq Ft of Opportunity Welcome to a rare investment opportunity in the heart of charming Milroy! This historic 16,000+ sq ft mixed-use property offers a turn-key bar and restaurant space, plus five residential apartments—four fully finished and rented, with one awaiting your custom design. The bar and dining area features seating for 50, a welcoming U-shaped bar, a pool table, and brand-new high-top tables. Serve up a small-plate menu with confidence using the brand-new UL-rated commercial kitchen, complete with a new hood, three bottle coolers, three freezers, and an ice machine. Upstairs, you'll find four apartments—two currently rented at $550/month and others $650/month, providing reliable income from day one. The fifth apartment is unfinished, offering you a blank canvas for additional value creation. Multiple storage rooms provide ample space for supplies or future expansion. Comfort is ensured year-round with central air for efficient cooling throughout. The property also features a large off-street parking lot—a major plus in this friendly small town setting. Whether you're looking to run a business, expand your investment portfolio, or live on-site while earning passive income, this property offers flexibility, history, and huge potential. Liquor license included. Recent appraisal completed