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    141 Chestnut St Chebanse, IL 60922

    Sponsored
    For Sale
    $164,900

    Prime Location, Established Business, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use property at 141 S Chestnut Street, Chebanse, IL, presents a unique investment opportunity. The 1500 square foot building is ideally situated in the heart of Chebanse, a well-known and established community. Recently remodeled, this turn-key operation includes a fully equipped bar and restaurant, ready for immediate operation. The spacious layout offers ample seating for patrons, creating a comfortable and inviting atmosphere. The property's history as a successful establishment, combined with the addition of gaming amenities, promises strong financial returns. This is a rare chance to acquire a thriving small-town business with significant upside potential. The property is being offered at $164,900. The building's prime location and established clientele base make this an attractive investment for both seasoned entrepreneurs and first-time business owners. The existing infrastructure and recent renovations minimize the need for significant capital investment, allowing for a swift and seamless transition into ownership. This is a truly exceptional opportunity to own a profitable and well-regarded business in a desirable location. Don't miss out on this chance to own a piece of Chebanse's vibrant commercial landscape.

    Property Features for 141 Chestnut St

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Whistle Stop Cafe ... Bar & Grill

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Kitchen & Bath Accounting Firm Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Chebanse
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.90974
    Latitude
    41.00241

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Established Business, High Potential
    Where is this mixed-use property located?
    The property is located at 141 Chestnut St Chebanse, IL.
    What is the asking price?
    The asking price for this property is $164,900.
    (815) 937-4370
    Request Owner's contact information
    141 Chestnut St Chebanse, IL 60922
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    Chebanse, IL 60922
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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
    141 Chestnut St Chebanse, IL 60922
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