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    123 Main Ave Ladd, IL 61329

    For Sale
    $165,000

    Versatile building, restaurant, bar, banquet space. Owner financing available.

    Property size:
    8,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 8,000 square foot commercial building located at 123 S Main Avenue in Ladd, Illinois, presents a unique investment opportunity. The property is ideally suited for a variety of uses, offering significant flexibility for the discerning buyer. The lower level is currently configured as a fully operational restaurant, complete with a substantial commercial kitchen and a well-appointed bar area. This established setup provides a solid foundation for continued restaurant operations or a seamless transition to a different culinary concept. Ascending to the upper level reveals another bar, ready for immediate use, and a generously sized open space. This expansive area is perfectly adaptable to serve as a banquet hall, event venue, or any number of other commercial applications. The possibilities are truly limitless. The seller is motivated to sell and is offering attractive financing options, including owner financing or a land contract, to facilitate a smooth and efficient transaction. This presents a rare chance to acquire a substantial commercial property in a desirable location with considerable upside potential. The building's size and versatile layout make it an exceptional investment for both seasoned entrepreneurs and first-time commercial property owners. Don't miss this opportunity to own a piece of Ladd's vibrant commercial landscape.

    Property Features for 123 Main Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,000 SF

    Building Details

    Year Built
    1901
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Ladd
    County
    Bureau
    State
    Illinois
    Longitude
    -89.2187
    Latitude
    41.38104

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile building, restaurant, bar, banquet space. Owner financing available.
    Where is this commercial real estate located?
    The property is located at 123 Main Ave Ladd, IL.
    What is the asking price?
    The asking price for this property is $165,000.
    (219) 661-7528
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    123 Main Ave Ladd, IL 61329
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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
    123 Main Ave Ladd, IL 61329
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