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    2709 Locust St Sterling, IL 61081

    For Sale
    $449,000

    Charming eatery, ample parking, high potential.

    Property size:
    7,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property at 2709 Locust Street in Sterling, Illinois, presents a unique investment opportunity. The 7,000-square-foot building, a beautifully restored historic dairy barn, currently operates as a thriving restaurant, deeply ingrained in the local community. The property boasts modern amenities seamlessly integrated into its rustic charm, including updated plumbing and electrical systems, and low-maintenance steel siding. The interior features exposed barn wood, beamed ceilings, a cozy fireplace in a dedicated banquet room, and two modern bars complete with a draft beer tapping system. A spacious, top-of-the-line commercial kitchen is equipped with both walk-in freezer and cooler units, ensuring efficient food preparation and storage. Multiple drive-through windows provide convenient service options. A large parking area accommodates ample customer vehicles. The property also includes an additional lot (Lot#1109300007), measuring 248 x 106 feet, with 2022 taxes totaling $439.80. This cherished community asset offers endless possibilities for continued success or creative repurposing, capitalizing on its prime location and established reputation. The property's blend of history and modern functionality makes it an attractive proposition for discerning investors and entrepreneurs alike.

    Property Features for 2709 Locust St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,000 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Whiteside
    State
    Illinois
    Longitude
    -89.69872
    Latitude
    41.81404

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    FAQs

    What type of property is this?
    Mixed-use property - Charming eatery, ample parking, high potential.
    Where is this mixed-use property located?
    The property is located at 2709 Locust St Sterling, IL.
    What is the asking price?
    The asking price for this property is $449,000.
    (815) 625-3722
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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
    2709 Locust St Sterling, IL 61081
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