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    425 Cedar St Hoopeston, IL 60942

    Sponsored
    For Sale
    $430,000

    Large building, endless possibilities. Established community business.

    Property size:
    9,975 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional Hoopeston, IL property presents a unique investment opportunity. The 9,975 square foot building has served as the beloved "Skaters Paradise" for over 50 years, establishing a strong presence within the community. The property includes a substantial parking lot, easily accommodating the needs of the existing business. Beyond the main building, a two-car garage provides additional storage or workspace. A residential home is also situated on the property, offering versatile options for owner occupancy, rental income, or staff housing. The expansive outdoor space complements the existing building, providing ample room for expansion or outdoor activities. This property is situated on a lot exceeding one acre, offering significant potential for future development or expansion of the existing business. The established clientele and long-standing reputation of "Skaters Paradise" provide a solid foundation for continued success. This is a rare opportunity to acquire a well-established business with significant real estate assets in a thriving community. The property's size and versatility make it suitable for a variety of uses, beyond its current operation. Serious inquiries are encouraged to explore the full potential of this remarkable investment.

    Property Features for 425 Cedar St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,975 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Skater's Paradise Roller Skating Rink

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoopeston
    County
    Other
    State
    Illinois
    Longitude
    -87.67599
    Latitude
    40.45643

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Large building, endless possibilities. Established community business.
    Where is this commercial real estate located?
    The property is located at 425 Cedar St Hoopeston, IL.
    What is the asking price?
    The asking price for this property is $430,000.
    (217) 239-7113
    Request Owner's contact information
    425 Cedar St Hoopeston, IL 60942
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    Hoopeston, IL 60942
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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
    425 Cedar St Hoopeston, IL 60942
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