Back
Active - Mixed Use for sale
Byron, IL
Facts & features
Why you’ll love it
- Renovated
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.
Listed by: Rebecca Hazzard • RE/MAX of Rock Valley
Co-listed by: RE/MAX of Rock Valley
Source: MRED as distributed by MLS GRID, MLS#: 12669196
Based on information as of Sep 02, 2026 at 12:23pm EDT.
Come see by yourself
Affordability
$1,702/mo
- Mortgage$1,264
- Property tax$438
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
Discover the neighborhood
Travel times
About Byron
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Based on information submitted to the MLS GRID as of Sep 02, 2026 at 12:23pm EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
