Building Details

Year Built 1978

Listing Agency: Hawkeye Commercial Real Estate

Listed By: James Tansey · License #B44393000/471.017923 Show Phone

Source: Illianahomesource

Added: Aug 14 Changed: Oct 1 Last Checked: Oct 23 at 7:25AM

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Investment Insights

Based on property information with market context.

Restaurant property at 118 10th St W in Milan, Illinois, with 6,467 of reported property size and FF&E included in the sale. The equipment package excludes the dishwasher and ice machine. Built in 1978, the asset is classified as a conventional restaurant.

Key Highlights

• 6,467 reported property size
• FF&E included, excluding dishwasher and ice machine
• Built in 1978

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Parking Lot & Garage Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

283

Businesses Nearby

14k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Milan Shops & Services

14,316 visits/mo 0.5 miles

Demographics for 61264, IL

10,157

Population

4,978

Households

2

Avg Household Size

47

Median Age

23%

College-Educated

91%

High-School Grad

68.9 sq mi

ZIP Area

147

Density / Sq Mi

$78,285

Median Household Income

$50,389

Median Earnings

$832

Median Rent

$147,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Free-Standing Retail Store

1111 Coyne Center Rd, Milan, IL 61264

Contact for pricing

9,002 SF

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Heated Flex Shop with Office

30 2nd Avenue West, Milan, IL 61264

Contact for pricing

3,600 SF

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Manufacturing Facility with Crane Systems

630 4th St W, Milan, IL 61264

$1,600,000

45,152 SF

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing restaurant improvements include FF&E, excluding a dishwasher and ice machine.

Where is this conventional restaurant located?

The property is located at 118 10th St W Milan, IL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 6,467 reported property size; FF&E included, excluding dishwasher and ice machine; Built in 1978