Equipped Conventional
1603 N Bloomington St, Streator, IL 61364
For Sale
New
$999,900
Fixtures, furnishings, and equipment are included, with the business purchase required alongside a lease or real estate acquisition.
Property Size4,947 SF
Days on Market2
Property Features for 1603 N Bloomington St
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Business Included
Equipment Included
Currently Operating
Building Details
Building Size
Year Built
Listing Agency:
Joseph & Camper Commercial
Listed By:
Tammy Risinger
(309) 691-5919
Source:
Thebrokerlist
Added: Nov 12
Last Checked: Nov 12 at 2:25PM
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 Joseph & Camper Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This conventional restaurant property was built in 1977 and includes fixtures, furnishings, and equipment. The business must be acquired whether the buyer leases the property or purchases the real estate.
Key Highlights
- Restaurant property built in 1977
- Fixtures, furnishings, and equipment included
- Business purchase required with either a lease or real estate purchase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,985
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,700
$1.3M
Cap Rate 7%
$942,643
$942.6K
Cap Rate 9%
$733,167
$733.2K
Market Conditions
NOI Build-Up for 4,947 SF
Gross rent
$93.8K $18.96/SF
− Vacancy
−$5.8K −$1.18/SF
EGI
$88.0K $17.78/SF
− OpEx
−$22.0K −$4.45/SF
NOI
$66.0K $13.34/SF
Area
LaSalle, IL
La Salle County, LA
Vacancy
6.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,700
Cap Rate 7%
$942,643
Cap Rate 9%
$733,167
Alternative Uses
Best Use
Specialty Retail
$942.6K
$824.8K – $1.10M
NOI $65,985 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,671 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61364, IL
18,449
Population
9,251
Households
2
Avg Household Size
43
Median Age
13%
College-Educated
90%
High-School Grad
157.3 sq mi
ZIP Area
117
Density / Sq Mi
$57,147
Median Household Income
$37,866
Median Earnings
$810
Median Rent
$97,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fixtures, furnishings, and equipment are included, with the business purchase required alongside a lease or real estate acquisition.
Where is this conventional restaurant located?
The property is located at 1603 N Bloomington St Streator, IL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Restaurant property built in 1977; Fixtures, furnishings, and equipment included; Business purchase required with either a lease or real estate purchase
