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    Turnkey Pizzeria & Bar with Apartments Title is generated by Realmo AI

    801 6 Th St, Mendota, IL 61342

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    For Sale
    $445,000

    Pizzeria, sports bar, and apartments in historic downtown Mendota.

    Type:Office
    Property size:
    7,084 SF
    Price / SF:
    $62/SF
    Added:
    Mar 5, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for 801 6 Th St

    General Information

    Standard status
    Active
    Size
    7,084 SF
    Property subtype
    Office

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Leah Erickson
    Leah Erickson

    Listing agent Leah Erickson License #475204597

    Listing office Coldwell Banker Commercial Real Estate Group

    Listing date Mar 5, 2026

    Source Cbcworldwide

    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 Coldwell Banker Commercial Real Estate Group

    HighLights

    • Turnkey Pizzeria & Sports Bar with 3 Apartments in Historic Downtown Mendota.
    • Steady rental income of $2100/month from three updated apartments.
    • Prime location in the heart of Mendota's walkable historic district with great street visibility and a large patio.
    • Fully equipped kitchen with walk‑in cooler/freezer, Picard Spitfire pizza oven, and other essential equipment included.
    • Full basement with high ceilings and street entrance, suitable for an office, storage, or separate lounge/club.
    • Located within the Downtown TIF district and eligible for facade grant improvements.

    Overview

    Located in the heart of Mendota's historic district, this mixed-use property features a 3,700 square foot pizzeria and sports bar with three apartments. The main floor, renovated in 2014 and 2021, includes a full kitchen, bar area, a large dining room, and a large patio. The kitchen is equipped with a walk-in cooler/freezer, a pizza oven, prep areas with coolers, a six-burner gas stove, a fryer, a grill, a convection oven, a warming oven, and other equipment. The bar area has over 12 seats at the bar, plus additional high-top seating, and is separated from the dining room, which offers both booth and table seating. A wait staff prep area is located directly off the kitchen. The upstairs contains three updated apartments, generating a rental income of $2100 per month. The apartments are accessible from outside and have a second emergency exit through the dining area. The property includes a full basement with high ceilings and a street entrance, featuring an office and additional storage space. The property is located within the Downtown TIF district, and eligible improvements may be covered under a facade grant. The historic property, originally the old City Hall, Fire and Police Departments, is ideal for an owner-operator or investor seeking a downtown location near shops, events, and community activity. The property has 7,084 sqft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rosati's Pizza Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 2 Tonys — 722 Main St, Mendota, IL 61342
    • De La O Restaurant & Bar — 720 Illinois Ave, Mendota, IL 61342
    • Bower's Corner Tap — 616 Main St, Mendota, IL 61342
    • Club audrie — 720 Illinois Ave, Mendota, IL 61342
    • The Hub — 701 Jefferson St, Mendota, IL 61342

    Location Insight

    • Map
    • Local Demand
    City
    Mendota
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.121
    Latitude
    41.5475

    Nearby Similar for Sale

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    • $325,000
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      Mendota Warehouse with Freezer Space

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    FAQs

    What type of property is this?
    Bar & Pub - Pizzeria, sports bar, and apartments in historic downtown Mendota.
    Where is this bar & pub located?
    The property is located at 801 6 Th St Mendota, IL.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Turnkey Pizzeria & Sports Bar with 3 Apartments in Historic Downtown Mendota.; Steady rental income of $2100/month from three updated apartments.; **Prime location** in the heart of Mendota's walkable historic district with great street visibility and a large patio.
    (815) 553-2406
    We can help!
    Listing Contact
    Leah Erickson
    Leah Erickson
    Real Estate License ID: 475204597
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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