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    10 E Hitt St Mount Morris, IL 61054

    For Sale
    $399,000

    Business Opportunity - Mount Morris, IL

    Property size:
    4,400 SF
    Days on Market:
    90
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 10 E Hitt St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    08272830240000
    Size
    4,400 SF

    Utilities

    Cooling system
    Central Air, Exhaust Fan (Cooling)

    Building Details

    Roof type
    Rubber
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Nicholas Rhoads (847) 495-5000 License #475200895

    Listing date Sep 7, 2025

    MLS# 12383472 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant Business Opportunity

    This is a business and building sale of a restaurant after 30 years of operation. The restaurant offers a bar with over 20 bar stools and seating for over 100 guests. The property has an adequate amount of parking. The sale includes all equipment and inventory. The property is located in Mount Morris, Illinois. The building size is 4,400 square feet. The current owners are willing to train and guide new owners.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Pepper Mill Family Restaurant

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy Skin Care Clinic Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Morris
    County
    Ogle
    State
    Illinois
    Longitude
    -89.432885
    Latitude
    42.049806

    Nearby Similar for Sale

    • $199,500
      5,589 SF

      Versatile Building on Prime Lot

      Spacious 5,500+ sq ft building on 2.2-acre lot.
      405 Charles St, Mount Morris, IL 61054
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Turnkey restaurant and bar with strong customer base for sale.
    Where is this turn key restaurant located?
    The property is located at 10 E Hitt St Mount Morris, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Turnkey restaurant business and building for sale after 30 years of successful operation.; - Includes all equipment and inventory for a smooth transition.; - Established customer base and friendly atmosphere.
    (847) 495-5000
    Request Owner's contact information
    10 E Hitt St Mount Morris, IL 61054
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    Mount Morris, IL 61054
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10 E Hitt St Mount Morris, IL 61054
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