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    2414 Il-23 Streator, IL 61364

    Sponsored
    For Sale
    $525,000

    Bowling Center & Restaurant - High Visibility

    Property size:
    17,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 17,000-square-foot mixed-use commercial property in Streator, Illinois, presents a unique investment opportunity. Situated on a 1.6-acre lot, the building currently operates as a successful bowling center and restaurant. The expansive layout offers ample space for a variety of commercial uses, allowing for the continuation of the existing business or a complete transformation to suit a new venture. The property boasts modern amenities, including spacious dining areas designed to accommodate a large number of patrons, and multiple bowling lanes, providing a ready-made entertainment component. Its strategic location ensures high visibility and significant foot traffic, attracting both local residents and visitors alike. The property's size and versatility make it an ideal candidate for a wide range of commercial enterprises, offering substantial potential for growth and profitability. This is a rare chance to acquire a well-established commercial property in a thriving community, ready for immediate occupancy or redevelopment. The asking price is $525,000. The property is located at 2414 N Il-23, Streator, IL.

    Property Features for 2414 Il-23

    General Information

    Property type
    Mixed-use properties
    Square Feet
    17,000 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Streator
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.83572
    Latitude
    41.15023

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    FAQs

    What type of property is this?
    Mixed-use property - Bowling Center & Restaurant - High Visibility
    Where is this mixed-use property located?
    The property is located at 2414 Il-23 Streator, IL.
    What is the asking price?
    The asking price for this property is $525,000.
    (815) 248-1018
    Request Owner's contact information
    2414 Il-23 Streator, IL 61364
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    Streator, IL 61364
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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
    2414 Il-23 Streator, IL 61364
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