519 State Highway 146, Mcclure, IL 62957
This exceptional 3.67-acre commercial property at 519 State Highway 146 in McClure, Illinois, presents a rare investment opportunity. Currently operating as a well-established bar/club, its prominent location boasts unparalleled visibility and accessibility. The property features an expansive parking area, significantly larger than most comparable businesses, eliminating customer parking frustrations. The sheer size of the parking lot offers substantial expansion potential, allowing for significant development. Beyond the existing structure, the truly unique aspect of this offering lies in the potential for a much larger acquisition. The property presents the possibility of acquiring additional land, totaling over 10 acres, encompassing both sides of the highway. This would provide an extensive frontage along the highway, significantly increasing the property's value and development potential. The recent construction of a $100 million, four-lane bridge directly increases traffic flow past the property, creating an ideal location for a variety of commercial ventures. The possibilities are vast, ranging from a mega auto complex or junior college to a medical clinic or other large-scale development. This is a once-in-a-lifetime chance to secure a substantial commercial property with exceptional growth potential in a high-traffic area. The asking price is $540,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.