Listing Agency: Bird Realty e***@yahoo.com Show Phone

Listed By: Eric Bird · License #471002935 Show Phone

Source: Exitrealty

Added: Jan 10, 2024 Changed: Aug 9 Last Checked: Aug 9 at 5:19AM

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Investment Insights

Based on property information with market context.

This property, formerly a restaurant, is located on a corner lot near the Oglesby exit off I-39. The building offers approximately 3150 square feet and features two drive-up windows and a large parking area. It is equipped with zoned HVAC systems. The property is zoned B2, allowing for multiple possible uses. The offering includes the lot to the south of the building (PIN 18-35-202-019).

Key Highlights

• Excellent corner location with easy access to I‑39 (Oglesby exit).
• Includes an additional lot to the south (PIN 18‑35‑202‑019).
• Approx. 3150 square feet of space.

Property Analytics

Property Profile

Current Use

Drive through restaurants

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store HVAC Service Parking Lot & Garage Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

165

Businesses Nearby

45k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 46% Shops & Services 45% Hotels & Casinos 9%

McDonald's Dining

18,420 visits/mo 0.3 miles

Shell Shops & Services

6,951 visits/mo 0.2 miles

Casey's General Store Shops & Services

5,315 visits/mo 0.5 miles

Phillips 66 Shops & Services

4,381 visits/mo 0.2 miles

BP Shops & Services

3,749 visits/mo 0.2 miles

Demographics for 61348, IL

4,576

Population

2,182

Households

2.1

Avg Household Size

44

Median Age

20%

College-Educated

93%

High-School Grad

39.3 sq mi

ZIP Area

116

Density / Sq Mi

$71,197

Median Household Income

$44,029

Median Earnings

$691

Median Rent

$139,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Former restaurant with drive-thru, large parking, multiple uses possible.

Where is this drive through restaurant located?

The property is located at 1 Marquette Avenue Oglesby, IL.

What is the asking price?

The asking price for this property is $370,000.

What are key features of this property?

This property features: Excellent corner location with easy access to I‑39 (Oglesby exit).; Includes an additional lot to the south (PIN 18‑35‑202‑019).; Approx. 3150 square feet of space.