Bar & Pub with Central
For Sale
$878,000
148 Mill Street, Utica, IL 61373
Commercially zoned property with central air conditioning in Utica, Illinois.
Property Size3,200 SF
Days on Market8
Property Features for 148 Mill Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Business Opportunity
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$5,323
Amenities
Central Air
Building Details
Building Size
3,200 SF
Stories
1
Listing Agency:
Keller Williams Innovate
(815) 579-9314
Listed By:
Phil Makarewicz · License #475138878
(815) 579-9314
Source:
Evrealestate
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 6 at 4:45AM
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 Keller Williams Innovate
Investment Insights
Based on property information with market context.
This bar and pub property at 148 Mill Street includes central air conditioning and carries the COMMR zoning designation. The property is located in Utica, Illinois, in LaSalle County.
Key Highlights
- COMMR zoning designation
- Central air conditioning
- 148 Mill Street, Utica, IL 61373
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.7k | $18.96 |
| − Vacancy | −$3.8k | −$1.18 |
| EGI | $56.9k | $17.78 |
| − OpEx | −$14.2k | −$4.45 |
| NOI | $42.7k | $13.34 |
3,200 SF · lease $18.96/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$609.8K
$533.5K – $711.4K
NOI $42,683 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$800.9K
$700.8K – $934.4K
NOI $56,064 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61373, IL
1,976
Population
930
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
96%
High-School Grad
47.0 sq mi
ZIP Area
42
Density / Sq Mi
$102,639
Median Household Income
$52,708
Median Earnings
$1,310
Median Rent
$222,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Skoog's Pub & Grill — 155 Mill St, North Utica, IL 61373
- Clarks Run Creek Gifts &Wine — 143 Mill St, North Utica, IL 61373
- The Bickerman Building — 166 Mill St, North Utica, IL 61373
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercially zoned property with central air conditioning in Utica, Illinois.
Where is this bar & pub located?
The property is located at 148 Mill Street Utica, IL.
What is the asking price?
The asking price for this property is $878,000.
What are key features of this property?
This property features: COMMR zoning designation; Central air conditioning; 148 Mill Street, Utica, IL 61373
