Turnkey Restaurant in High Traffic
201 W 2nd Street Rock Falls, IL 61071
201 W 2nd Street, Rock Falls, IL, 61071
$249,000
For Sale
$249,000
COMMERCIAL - Rock Falls, IL
Property Size1,000 SF
Lot Size0.06 Acres
Price / SF$249
Days on Market211
Property Features for 201 W 2nd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 11282810120000
- Size
- 1,000 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2433
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Concrete
Listing Agency
RE/MAX Sauk Valley
(815) 625-3722
110 E Lynn Blvd., Sterling, IL
Listed by
Tim McCaslin · License #471002068
(815) 625-3722
Added: Dec 19, 2025 Checked: Jul 18 at 10:06 am
MLS# 12535177
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.
Investment Insights
Based on property information with market context.
This is a successful, well-established turnkey restaurant located in a high-traffic area in downtown Rock Falls, situated on a corner lot. The property includes all tables, chairs, and kitchen equipment. A new roof was installed in 2018, and a new gas forced air furnace was installed on the restaurant side in 2024. The second floor features mostly newer windows. Additionally, there is approximately 1,000 square feet of office/retail space located in the back of the building at 204 W. 2nd St. The second floor also contains apartment space that needs remodeling, presenting an opportunity for additional income. The property's lot size is 0.0574 acres.
Key Highlights
- Turn‑key restaurant in high‑traffic downtown location.
- Includes all tables, chairs, and kitchen equipment.
- Additional 1,000 Sq. Ft. office/retail space.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.0k | $18.00 |
| − Vacancy | −$540 | −$0.54 |
| EGI | $17.5k | $17.46 |
| − OpEx | −$4.4k | −$4.37 |
| NOI | $13.1k | $13.10 |
1,000 SF · lease $18.00/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$187.1K
$163.7K – $218.3K
NOI $13,095 @ 7.0% cap · market cap 5.26%
Second Best
Retail
$118.8K
$104.0K – $138.6K
NOI $8,316 @ 7.0% cap · market cap 3.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Established restaurant with additional retail space and apartment potential.
Where is this conventional restaurant located?
The property is located at 201 W 2nd Street Rock Falls, IL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Turn‑key restaurant in high‑traffic downtown location.; Includes all tables, chairs, and kitchen equipment.; Additional 1,000 Sq. Ft. office/retail space.
