3rd Chute Bar & Grill Online Auction – Alton, IL

3^rd Chute Bar & Grill Online Auction – Alton, IL

Lot begins closing March 8 @ 1:00 PM CT

Click on the BID NOW link to the left to see more pictures.

2204 Fosterburg Road - Alton, IL 62002

Bidding Notice:

The auction will end with a soft group close on Sunday, March 8,, 2026 starting at 1:00 pm CST. This auction has an extended bidding or "Soft Group Close" feature. When a bid is submitted in the final minutes of the auction for any lot, the bidding for all lot s will be extended for an additional four minutes on all lots. This will continue until there are no longer any bids submitted for any lots.

Lead Established and well-known bar and grill

Description located on high-traffic Fosterburg Road. This turnkey commercial offering includes 2.7 +/- acres with approximately 8,800 sq ft of versatile commercial space designed for entertainment, dining, and events. 

Entertainment & Bar Features 

• Three full bars, including: 

• Main indoor bar 

• Large indoor event space with stage 

• Outdoor bar featuring a full-size boat serving station 

• Multiple entertainment stages: 

• One indoor stage 

• Two outdoor stages for live music and events

• Large outdoor area with garage doors opening to additional seating 

• Private indoor gaming room 

• Historically generated over $90,000 per year Kitchen & Equipment 

• Updated commercial kitchen 

• New walk-in cooler 

• Two new freezers Additional Highlights 

• Several TVs with updated camera system 

• Turnkey offering includes: 

• Chairs and tables 

• Memorabilia 

• Mechanical bull

• And Much More 

• Huge outdoor patio with new drainage system 

• Large asphalt paved parking lot 

• Additional lot for overflow parking or future expansion Property Information 

• Parcel IDs: 

• 19-1-08-05-00-000-009 

• 19-1-08-05-00-000-010 

• 2024 Real Estate Taxes: $15,795.60 

Directions: From IL State Rt 140 College Ave ~ go north on Fosterburg Rd to property.

Terms: $50,000 down on refundable earnest money at the time of contract signing. A 5% buyers premium will be added to the final bid price to establish the total contract price of the property. Closing will take place in 45 days or less. Broker Co-op will be offered.