Drive-Through Restaurant
New
For Sale
$399,900
106 Northpoint Drive, Streator, IL 61364
COMMERCIAL - Streator, IL
Property Size3,644 SF
Lot Size0.92 Acres
Price / SF$109.74
Days on Market4
Property Features for 106 Northpoint Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
Rt.23 to Northpoint Dr. Property is located on the east side of Rt.23.
Subdivision
Kangley / Streator
Standard status
Active
APN
3324142000
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18246
Utilities
Cooling system
Central Air
Amenities
seating for 70
kitchen equipment
walk in freezer
2 drive up windows
two bathrooms
playground equipment
Building Details
Year built
1989
Floors in Building
1
Number of units
1
Building materials
Wood
Listing Agency:
Bird Realty
(815) 973-6768
Listed By:
Eric Bird · License #471002935
(815) 600-8636
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 31 at 1:06AM
MLS# 12717367
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-story, 3,644-square-foot former QSR/drive-through restaurant building includes seating for 70, commercial kitchen-related equipment, and a walk-in freezer. The property also features two drive-up windows, two bathrooms, and playground equipment.
The building exterior has been well maintained and includes parking for approximately 60 vehicles. The site is located in Streator and is identified with a strong traffic count of 13,200 based on IDOT information. Zoning is COMMR, and the City of Streator should be contacted regarding potential uses.
The building exterior has been well maintained and includes parking for approximately 60 vehicles. The site is located in Streator and is identified with a strong traffic count of 13,200 based on IDOT information. Zoning is COMMR, and the City of Streator should be contacted regarding potential uses.
Key Highlights
- One‑story 3,644 SF former QSR building built in 1989 with wood construction
- Central air cooling and two bathrooms
- Includes seating for 70, a walk‑in freezer, and some kitchen‑related equipment
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $9.72 |
| − Vacancy | −$1.9k | −$0.53 |
| EGI | $33.5k | $9.19 |
| − OpEx | −$10.0k | −$2.76 |
| NOI | $23.4k | $6.43 |
3,644 SF · lease $9.72/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$694.4K
$607.6K – $810.1K
NOI $48,605 @ 7.0% cap · market cap 12.15%
Second Best
Industrial
$334.7K
$292.9K – $390.5K
NOI $23,430 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$912.0K
$798.0K – $1.06M
NOI $63,843 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13,200 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 61364, IL
18,449
Population
9,251
Households
2
Avg Household Size
43
Median Age
13%
College-Educated
90%
High-School Grad
157.3 sq mi
ZIP Area
117
Density / Sq Mi
$57,147
Median Household Income
$37,866
Median Earnings
$810
Median Rent
$97,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - One-story former QSR with commercial kitchen equipment, walk-in freezer, and two drive-up windows.
Where is this drive through restaurant located?
The property is located at 106 Northpoint Drive Streator, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: One‑story 3,644 SF former QSR building built in 1989 with wood construction; Central air cooling and two bathrooms; Includes seating for 70, a walk‑in freezer, and some kitchen‑related equipment
