Property profile

604 Main St Woodlawn, IL 62898

OFF-MARKET
Commercial real estate
Property ID
US28-3695236
Individually Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,200 square foot commercial property located at 604 N Main Street in Woodlawn, Illinois, presents a unique opportunity for a discerning entrepreneur. The building has undergone a complete renovation, transforming it into a fully equipped and operational restaurant. The extensive renovations include a brand new walk-in cooler strategically positioned behind the building, ensuring efficient food storage. All kitchen equipment is new, eliminating the need for significant upfront investment. Safety is paramount, with a newly installed fire suppression system providing peace of mind. The property boasts new flooring throughout, a new roof for lasting durability, and a modern split-unit heating and air conditioning system for optimal climate control. The inclusion of a drive-thru adds significant convenience and potential for increased revenue streams. Previously operated as a Chinese/American restaurant, this versatile space is adaptable to a variety of culinary concepts. This turnkey operation eliminates the hassle and expense of extensive renovations, allowing the new owner to focus on establishing their business and maximizing its potential. The property is offered at $300,000. This is a rare opportunity to acquire a fully renovated, ready-to-operate restaurant with all the necessary equipment and infrastructure in place.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 06-19-355-022
UPID US28-3695236

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

604 Main St Woodlawn, IL 62898-1100
Woodlawn metro Census 50300 MOUNT VERNON, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k

Owner & transaction history

since 2025
Last sale
$42,000
4 recorded transactions
2025
Price N/A
2013
$42,000
2011
$20,000
2009
$11,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 604 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message