704 McGregor Street

704 McGregor Street is a well‑known eastside destination location in Bloomington, Illinois, situated in a mature, tree‑lined residential neighborhood just minutes from the Veterans Parkway retail corridor. The property offers convenient access via local streets with ample on‑site parking, allowing it to draw both from the surrounding single‑family neighborhoods and the broader Bloomington‑Normal trade area.704 McGregor Street is not one restaurant... it's two complete, fully built-out hospitality venues sharing one building, one kitchen, and one 78-space parking lot. The front is a polished, upscale destination: dark tin ceilings, warm wood floors, designer lighting, a glass wine display separating the dining room from a full front bar, and flexible seating from intimate nooks to open dining. The back is an entirely different world with a large open room with a stage, its own full bar, dart games, its own restrooms, and its own rear exit. Loud, fun, and built for a Friday night. One brand, two moods. Chef-driven dining and cocktails up front, live music and late night in back. Guests finish dinner and walk over to a band. Two separate concepts. Two names, two menus, two audiences. Upscale in the front, party in the back. Each side has its own bar and seating, and the back has its own restrooms and exterior entrance, so they run independently. Own one side, lease the other. Operate your concept and lease the other half for immediate offsetting income. The back is easily leasable, and the front's finishes command premium rent from an operator without the capital to build this out. Buy it as an investment. Two hospitality tenants on nearly an acre with 78 dedicated spaces... a rare income profile in Bloomington! Events, weddings, and buyouts. Host a reception in the back with the stage while the front keeps serving, or sell the whole building as a single buyout. 8,595 SF and 78 spaces handle guest counts most local venues turn away. Daypart flexibility. Front for lunch and weeknights, back for weekend nights, trivia, karaoke, comedy, company events or anything you want! Brewery or taproom. The back's scale, stage, and separate entrance suit a production taproom, with the front as the elevated restaurant side of the brand. Non-restaurant uses. Event center, music venue, comedy club, member's club, banquet hall, or golf-simulator concept. The back's open span and dedicated bar support entertainment build-outs while the front stays hospitality.