Mixed-Use Restaurant with
For Sale
$265,000
110 W 2nd Street, Rock Falls, IL 61071
Restaurant space on the main floor with two upstairs apartments, each with two bedrooms and one bath.
Days on Market225
Property Features for 110 W 2nd Street
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Floor
Ground
Building Details
Building Size
2,800 SF
Year Built
1900
Listing Agency:
RE/MAX Sauk Valley
(815) 625-3722
Listed By:
Tim McCaslin · License #471002068
(815) 625-3722
Source:
Perillorealestategroup
Added: Dec 19, 2025
Changed: Jul 30
Last Checked: Aug 1 at 12:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Sauk Valley
Investment Insights
Based on property information with market context.
This mixed-use building features restaurant space on the main floor and two apartments upstairs. The apartments each include two bedrooms and one bathroom, providing a separate residential setup above the dining area.
The property is located at 110 W 2nd Street in Rock Falls, IL. It was built in 1900, and it has a newer roof installed in 2018.
For prospective operators or owners looking for an owner-occupied or multi-income configuration, the combination of restaurant use below with two residential units above can support flexible occupancy and everyday living or staffing convenience.
The property is located at 110 W 2nd Street in Rock Falls, IL. It was built in 1900, and it has a newer roof installed in 2018.
For prospective operators or owners looking for an owner-occupied or multi-income configuration, the combination of restaurant use below with two residential units above can support flexible occupancy and everyday living or staffing convenience.
Key Highlights
- Restaurant on the main floor
- Two upstairs apartments, each with 2 bedrooms and 1 bath
- Tenants in both apartments
Financial Insights For Multifamily LT 5
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 | $25.2k | $9.00 |
| − Vacancy | −$1.6k | −$0.59 |
| EGI | $23.6k | $8.42 |
| − OpEx | −$7.1k | −$2.52 |
| NOI | $16.5k | $5.89 |
2,800 SF · lease $9.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$523.8K
$458.3K – $611.1K
NOI $36,666 @ 7.0% cap · market cap 13.84%
Second Best
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 6.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61071, IL
13,389
Population
6,612
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
185
Density / Sq Mi
$57,909
Median Household Income
$40,698
Median Earnings
$752
Median Rent
$104,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space on the main floor with two upstairs apartments, each with two bedrooms and one bath.
Where is this conventional restaurant located?
The property is located at 110 W 2nd Street Rock Falls, IL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Restaurant on the main floor; Two upstairs apartments, each with 2 bedrooms and 1 bath; Tenants in both apartments
