Bar and Grill with Commercial
For Sale
$425,000
413 W Main St, Genoa, IL 60135
A downtown hospitality property combines a dining room, bar service, gaming machines, and a fully outfitted kitchen.
Property Size1,740 SF
Price / SF$244.25
Days on Market8
Property Features for 413 W Main St
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Commercial
Listing Agency:
RE/MAX Classic
Listed By:
Tammy Engel · License #471001769
(815) 784-2800
Source:
Illianahomesource
Added: Sep 25
Changed: Oct 1
Last Checked: Oct 1 at 11:50AM
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 Classic
Investment Insights
Based on property information with market context.
This 1,740-square-foot bar and restaurant includes a 14-seat bar, two bartender stations, a six-tap glycol draft system, televisions, a 47-seat dining area, and five gaming machines. The kitchen is fitted with a six-burner range and double oven, flat-top grill, charbroiler, two fryers, prep cooler, upright and chest freezers, and two walk-in coolers. The sale includes the real estate, equipment, and supplies, subject to final inventory and the purchase agreement.
The property is at 413 W Main St in downtown Genoa, along Illinois Route 72. Interior work completed in 2016 included electrical, plumbing, and HVAC updates, as well as an exterior remodel. A five-ton AC unit was installed in 2020, and the hood system was refurbished in 2022. The business was established in 1994.
The property is at 413 W Main St in downtown Genoa, along Illinois Route 72. Interior work completed in 2016 included electrical, plumbing, and HVAC updates, as well as an exterior remodel. A five-ton AC unit was installed in 2020, and the hood system was refurbished in 2022. The business was established in 1994.
Key Highlights
- 1,740‑square‑foot bar and restaurant at 413 W Main St, Genoa
- 14‑seat bar, 47‑seat dining area, and five gaming machines
- Commercial kitchen includes two walk‑in coolers, six‑burner range, double oven, grill, charbroiler, and two fryers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,128
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,560
$582.6K
Cap Rate 7%
$416,114
$416.1K
Cap Rate 9%
$323,644
$323.6K
Market Conditions
NOI Build-Up for 1,740 SF
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.
Gross rent
$41.8K $24.00/SF
− Vacancy
−$2.9K −$1.68/SF
EGI
$38.8K $22.32/SF
− OpEx
−$9.7K −$5.58/SF
NOI
$29.1K $16.74/SF
Area
DeKalb County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,560
Cap Rate 7%
$416,114
Cap Rate 9%
$323,644
Alternative Uses
Best Use
Specialty Retail
$416.1K
$364.1K – $485.5K
NOI $29,128 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.7K
$525.7K – $700.9K
NOI $42,052 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60135, IL
7,292
Population
2,923
Households
2.5
Avg Household Size
39
Median Age
15%
College-Educated
88%
High-School Grad
46.8 sq mi
ZIP Area
156
Density / Sq Mi
$87,935
Median Household Income
$47,101
Median Earnings
$1,038
Median Rent
$238,000
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Maddog's Bar and Grill — 705 E Main St, Genoa, IL 60135
- Redwoods Sports Bar & Grill — 413 W Main St, Genoa, IL 60135
- Cruisin' Genoa — 313 W Main St, Genoa, IL 60135
- Hills Tap — 319 W Main St, Genoa, IL 60135
- Minnihan's — 209 W Main St #1145, Genoa, IL 60135
Frequently Asked Questions
What type of property is this?
Bar & Pub - A downtown hospitality property combines a dining room, bar service, gaming machines, and a fully outfitted kitchen.
Where is this bar & pub located?
The property is located at 413 W Main St Genoa, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,740‑square‑foot bar and restaurant at 413 W Main St, Genoa; 14‑seat bar, 47‑seat dining area, and five gaming machines; Commercial kitchen includes two walk‑in coolers, six‑burner range, double oven, grill, charbroiler, and two fryers
