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    Stockton, IL - Red Knight Pub Title is generated by Realmo AI

    111 E Front Avenue, Stockton, IL 61085

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    For Sale
    $315,000

    COMMERCIAL - STOCKTON, IL

    Property size:
    5,575 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $56/SF
    Added:
    Jun 11, 2025
    Days on Market:
    353
    Last Refresh:
    May 29 at 6:06 pm

    Property Features for 111 E Front Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1700115100
    Size
    5,575 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1779

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall Unit(s), Central Air

    Building Details

    Year built
    1940
    Flooring type
    Carpet, Vinyl, Tile
    Roof type
    Metal, Rubber

    We can help!

    Listing Contact
    MARK SUMPTER

    Listing agent MARK SUMPTER License #471021332

    Listing office DC Rise Real Estate 5148 US Highway 20 W, Galena, IL

    Listing date Jun 11, 2025

    MLS# 202503136

    Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key, profitable bar and banquet center with loyal community support.
    • Three established revenue streams: food, drinks, and gaming.
    • Versatile 2,000 sq ft banquet space with stage, bar, restrooms, and private entry.
    • 1,500 sq ft unfinished upstairs space for apartment or owner's residence.
    • Located in the heart of Stockton with rear parking and street access.
    • Building has central air and multiple forms of heat.

    Overview

    The Red Knight Pub in Stockton, IL, presents an opportunity to own a thriving bar and banquet center. This turn-key business is a cornerstone of the Stockton community. The pub features a warm, loft-style atmosphere. It is fully operational and profitable, offering food, drinks, and gaming. The attached banquet space, nearly 2,000 square feet, is suited for weddings, parties, and local events, featuring its own stage, bar, restrooms, and private entry. Upstairs, the expansive 1,500-square-foot unfinished space can be converted into a stylish two-bedroom apartment for rental income or an owner's residence. The property is tucked into the heart of Stockton, with rear parking and street access. The property size is 5,575 square feet and the lot size is 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Red Knight Pub Bar & Pub ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Similar Places Nearby

    • Red Knight Pub — 111 E Front Ave, Stockton, IL 61085
    • Bottle Shed Bar & Pizzaria — 320 E North Ave, Stockton, IL 61085

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.006258
    Latitude
    42.350037

    FAQs

    What type of property is this?
    Bar & Pub - Thriving bar and banquet center in the heart of Stockton.
    Where is this bar & pub located?
    The property is located at 111 E Front Avenue Stockton, IL.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Turn‑key, profitable bar and banquet center with loyal community support.; Three established revenue streams: food, drinks, and gaming.; Versatile 2,000 sq ft banquet space with stage, bar, restrooms, and private entry.
    (773) 209-1987
    We can help!
    Listing Contact
    MARK SUMPTER
    Real Estate License ID: 471021332
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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