Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    140 E Main St Dwight, IL 60420

    Sponsored
    For Sale
    $799,000

    COMMERCIAL - Dwight, IL

    Lot size:
    0.16 Acres
    Days on Market:
    14
    Last Refresh:
    Jan 21 at 9:06 am

    Property Features for 140 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    050920600800
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Building materials
    Brick, Stone

    We can help!

    Listing Contact
    Jennifer Johnson

    Sancken Sole Realty (815) 844-4104 [email protected]

    Listing agent Jennifer Johnson (815) 405-2326

    Listing date Jan 8, 2026

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Dwight Landmark Restaurant For Sale

    Located in downtown Dwight, Illinois, Station 343 Firehouse Restaurant is a two-story, 10,000-square-foot establishment. The restaurant features original wood floors, exposed brick walls, and a full-service bar. Decorative glass panels separate the dining and bar areas. The commercial kitchen includes top-of-the-line equipment and spacious prep areas. The main dining area seats up to 140 patrons, while the second-floor event venue and bar can accommodate up to 200 guests. The building also features handicap-accessible restrooms. The restaurant is minutes from Interstate I55, Rt 47, Rt 17, Historic Rt 66 and Amtrak. It is approximately one hour drive from Chicagoland, Peoria, Bloomington/Normal and Champaign/Urbana. The restaurant is named in honor of the 343 New York City firefighters and paramedics who lost their lives on September 11, 2001, and pays respect to all first responders. Positioned in a visible and walkable area of Dwight on a 0.16-acre lot, this active restaurant business is for sale and ready for a seamless transition. The property is zoned COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Killion Carson ... Pediatric Urologist Station 343 American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dwight
    County
    Livingston
    State
    Illinois
    Longitude
    -88.427985
    Latitude
    41.093057

    Nearby Similar for Sale

    • $525,000
      0.53 Acres

      Historical Commercial Building in Dwight

      13,620 SF commercial building with retail zoning in Dwight.
      103 E Chippewa St, Dwight, IL 60420
      View Details
    • $175,000
      0.50 Acres

      Versatile Commercial Building in Dwight

      All-brick, 2,304 sq ft commercial building with expansion potential.
      103 S John St, Dwight, IL 60420
      View Details
    • New
      $135,000
      0.17 Acres

      Dwight, IL Two-Unit Residential Property

      Two-unit residential property in Dwight, Illinois with income potential.
      123 W Waupansie St, Dwight, IL 60420
      View Details
    • $1,490,000
      5.00 Acres

      Adaptable Commercial Property Near I-55

      17,000 SF commercial building on 5 acres near I-55.
      101 Watters Dr, Dwight, IL 60420
      View Details
    • $100,000

      Charming Duplex in Historic Dwight

      Two-unit duplex in a quaint Route 66 town.
      124 W Seminole St, Dwight, IL 60420
      View Details
    • $129,000
      2,304 SF

      Dwight Medical Office Building

      Prime Medical Office, 9 Exam Rooms, Motivated Seller
      103 John St, Dwight, IL 60420
      View Details
    • $2,195,000
      17,000 SF

      Dwight, IL Auto Dealership - 5 Acres

      Prime 17,000 sq ft auto facility, 5 acres, high traffic.
      111 Watters Dr, Dwight, IL 60420
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant in downtown Dwight, Illinois, ready for seamless transition.
    Where is this restaurant located?
    The property is located at 140 E Main St Dwight, IL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Turnkey restaurant business for sale, ready for seamless transition; - Seats 140 in the main dining area and accommodates 200 guests in the second-floor event venue; - State-of-the-art commercial kitchen with top-of-the-line equipment
    (815) 844-4104
    Request Owner's contact information
    140 E Main St Dwight, IL 60420
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    140 E Main St
    Dwight, IL 60420
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    140 E Main St Dwight, IL 60420
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jennifer Johnson
    Real Estate License ID: 475158955
    (815) 844-4104
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.