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    1 Marquette Ave Oglesby, IL 61348

    Sponsored
    For Sale
    $450,000

    Restaurant Space, High Visibility, I-39 Access

    Property size:
    3,150 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 1 Marquette Avenue in Oglesby, Illinois, presents a unique investment opportunity. Boasting a highly visible corner location just off I-39, near the Oglesby exit, this former restaurant offers approximately 3,150 square feet of versatile space. The property includes two convenient drive-up windows, a substantial parking area, and a zoned HVAC system, ensuring efficient climate control. The building is zoned B2, allowing for a multitude of potential uses, making it ideal for a variety of businesses. This attractive offering is further enhanced by the inclusion of the adjacent lot to the south (PIN 18-35-202-019), providing ample space for expansion or additional parking. The property's strategic location and versatile features make it an excellent choice for entrepreneurs seeking a high-traffic location with significant development potential. The asking price is $450,000. All offers will be reviewed by the ownership group. This is a rare opportunity to acquire a well-situated commercial property in a growing area with easy highway access. Don't miss out on this chance to establish your business in a prime location. Contact us today to schedule a showing and explore the possibilities.

    Property Features for 1 Marquette Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,150 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oglesby
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.0761
    Latitude
    41.29465

    Nearby Comparable

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    Nearby Similar for Sale

    • New
      $279,000
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      Renovated Restaurant and Bar

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    • $399,900
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      Corner lot near I-39 with drive-up windows and parking.
      1 Marquette Ave, Oglesby, IL 61348
      View Details
    • $275,000
      5,544 SF

      Oglesby Restaurant & Living Space

      Turnkey Restaurant, High Traffic Area, Great Potential
      309 Walnut St, Oglesby, IL 61348
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    • $290,000
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      Oglesby Bar & Grill - Turnkey Operation

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      139 Walnut St, Oglesby, IL 61348
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    FAQs

    What type of property is this?
    Commercial real estate - Restaurant Space, High Visibility, I-39 Access
    Where is this commercial real estate located?
    The property is located at 1 Marquette Ave Oglesby, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    (815) 288-0998
    Request Owner's contact information
    1 Marquette Ave Oglesby, IL 61348
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    Oglesby, IL 61348
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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
    1 Marquette Ave Oglesby, IL 61348
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