Mixed-Use Building with
125 N Main Street, Burlington, IL 60109
For Sale
Contact for pricing
Two second-floor apartments accompany the dining space, while a full basement houses a walk-in cooler and additional storage.
Property Size4,511 SF
Price / SF$133.01
Days on Market40
Property Features for 125 N Main Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Financials
Asking Price
Gross Income
Average Monthly Rent
Site & Location
Traffic Count
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Furnished
Equipment Included
Multifamily Units
Building Details
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
EatZ Real Estate Group LLC
Listed By:
Ted Aretos · License #IL 475179242
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 5:46PM
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 EatZ Real Estate Group LLC
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Investment Insights
Based on property information with market context.
Built in 1908, this two-story mixed-use property contains 4,511 square feet, with a restaurant and bar on the first floor and two apartments upstairs. The restaurant area includes 14 dining tables, bar seating, a commercial kitchen, and a full basement with a walk-in cooler and storage. Kitchen equipment includes a combi oven, char grill, griddle, range, commercial fryers, holding cabinets, refrigerators, and freezers. Renovations completed in 2023 included work to the HVAC, mechanical systems, roof, windows, and masonry.
The property occupies a downtown Burlington location on Main Street, with street parking. It sits on 0.13 acres and has commercial zoning. The upper-level apartments provide residential space within the same building as the restaurant and bar.
The property occupies a downtown Burlington location on Main Street, with street parking. It sits on 0.13 acres and has commercial zoning. The upper-level apartments provide residential space within the same building as the restaurant and bar.
Key Highlights
- 4,511‑square‑foot, two‑story mixed‑use building built in 1908
- Restaurant and bar on the first floor; two apartments on the second floor
- Restaurant space includes 14 dining tables and bar seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,331
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,620
$1.0M
Cap Rate 7%
$747,586
$747.6K
Cap Rate 9%
$581,456
$581.5K
Market Conditions
NOI Build-Up for 4,511 SF
Gross rent
$102.3K $22.68/SF
− Vacancy
−$7.2K −$1.59/SF
EGI
$95.1K $21.09/SF
− OpEx
−$42.8K −$9.49/SF
NOI
$52.3K $11.60/SF
Area
Kane County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,620
Cap Rate 7%
$747,586
Cap Rate 9%
$581,456
Alternative Uses
Best Use
Specialty Retail
$805.6K
$704.9K – $939.9K
NOI $56,392 @ 7.0% cap · market cap 9.40%
Second Best
Mixed Use
$800.4K
$700.3K – $933.8K
NOI $56,027 @ 7.0% cap · market cap 9.34%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,104 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
4,400 VPD
Traffic count
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 60109, IL
580
Population
207
Households
2.8
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
5.5 sq mi
ZIP Area
105
Density / Sq Mi
$81,528
Median Household Income
$54,500
Median Earnings
$1,199
Median Rent
$304,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two second-floor apartments accompany the dining space, while a full basement houses a walk-in cooler and additional storage.
Where is this mixed-use property located?
The property is located at 125 N Main Street Burlington, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4,511‑square‑foot, two‑story mixed‑use building built in 1908; Restaurant and bar on the first floor; two apartments on the second floor; Restaurant space includes 14 dining tables and bar seating
