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    510 W Cemetery Ave Chenoa, IL 61726

    For Lease
    $22 SF/Yr ($11,616 /Mo)

    2,376 SF restaurant space with drive-thru on Route 66.

    Property size:
    6,336 SF
    Lot size:
    6,336 SF

    Property Features for 510 W Cemetery Ave

    General Information

    Size
    6,336 SF

    Building Details

    Year built
    1999

    Source: Carrie Tinucci-Troll Agent Carrie Tinucci-Troll

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Route 66 Restaurant Opportunity

    This 2,376 square foot restaurant or retail space offers drive-thru capabilities and is attached to a 24/7 operating gas station and truck stop that includes gaming and shower facilities. Situated along Route 66, just off Interstate 55 at the Chenoa exit, the property experiences high visibility with over 23,000 vehicles traveling the interstate daily. The available restaurant space is located at the corner of W. Cemetery Ave/Highway 24 and Route 66, minutes from Interstate 55 at the Chenoa exit. This location presents a prime opportunity for a quick-service restaurant concept.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Pharmacy

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

    Similar Places Nearby

    The Butler's Pantry

    Location Insight

    • Map
    • Local Demand
    City
    Chenoa
    County
    McLean
    State
    Illinois
    Longitude
    -88.7301163
    Latitude
    40.7420227

    FAQs

    What type of property is this?
    Restaurant - 2,376 SF restaurant space with drive-thru on Route 66.
    Where is this restaurant located?
    The property is located at 510 W Cemetery Ave Chenoa, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location directly attached to a 24/7 gas station/truck stop.; - Drive-thru capabilities.; - Located on Route 66 and just off Interstate 55 (Chenoa exit).
    (331) 452-6860
    Request Owner's contact information
    510 W Cemetery Ave Chenoa, IL 61726
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    Chenoa, IL 61726
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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
    510 W Cemetery Ave Chenoa, IL 61726
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