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Restaurant with Office/Retail Space
For Sale
$249,000

201 W 2nd Street, Rock Falls, IL 61071

A restaurant property with kitchen equipment, furnishings, additional office/retail space, and a second-floor apartment area.

Property SizeContact for details
Days on Market310

Property Features for 201 W 2nd Street

General Information

Standard status Active
Property subtype Commercial
Zoning COMMR

Site & Location

Corner Location Yes
Mixed-Use Components retail, office, residential

Additional Details

Furnished Yes
Business Included Yes
Equipment Included Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $2,433

Building Details

Year Built 1890
Stories 2
Units 2
Listing Agency: RE/MAX Sauk Valley
Listed By: Tim McCaslin · License #471002068
Source: Fishmangroup
Added: Dec 19, 2025 Changed: Oct 23 Last Checked: Oct 23 at 1:23PM

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 RE/MAX Sauk Valley

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Investment Insights

Based on property information with market context.

Built in 1890, this downtown Rock Falls restaurant occupies a corner property at 201 W. 2nd Street. The sale includes tables, chairs, and kitchen equipment. Building updates include a roof installed in 2018 and a gas forced-air furnace serving the restaurant area, added in 2024. Most second-floor windows are newer.

The property also includes 1,000 square feet of office or retail area at 204 W. 2nd Street, along with a second-floor apartment space that requires remodeling. An additional parcel is included under PIN 1128281011. The zoning designation is COMMR.

Key Highlights

  • Restaurant property on a corner lot in downtown Rock Falls
  • Tables, chairs, and kitchen equipment included
  • 1,000 square feet of office/retail area at 204 W. 2nd Street

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office Pharmacy Auto Parts Store

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

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

676
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 79% Shops & Services 16% Hotels & Casinos 4% Electronics 2%
Taco Bell Dining
13,339 visits/mo 0.5 miles
Shell Shops & Services
6,413 visits/mo 0.2 miles
Hardee's Dining
5,820 visits/mo 0.3 miles
Scooter's Coffee Dining
4,600 visits/mo 0.3 miles
Pizza Hut Dining
3,457 visits/mo 0.5 miles

Demographics for 61071, IL

13,389
Population
6,612
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
185
Density / Sq Mi
$57,909
Median Household Income
$40,698
Median Earnings
$752
Median Rent
$104,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A restaurant property with kitchen equipment, furnishings, additional office/retail space, and a second-floor apartment area.
Where is this conventional restaurant located?
The property is located at 201 W 2nd Street Rock Falls, IL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Restaurant property on a corner lot in downtown Rock Falls; Tables, chairs, and kitchen equipment included; 1,000 square feet of office/retail area at 204 W. 2nd Street
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