Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    133 Jefferson St Washburn, IL 61570

    Sponsored
    For Sale
    $79,500

    Turnkey Restaurant, Great Location!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    Prime commercial real estate opportunity in Washburn, Illinois! This $79,500 listing includes a restaurant space situated on land at 133 S Jefferson Street, zip code 61570. The property is classified as both commercial and restaurant land. All tables and accessories are included in the sale price, making this a truly turnkey operation. The building boasts a new roof installed in 2015, signifying recent investment and maintenance. This presents a fantastic chance for an established restaurant owner looking to expand or a new entrepreneur seeking a ready-to-go business. The property's location in Washburn, Woodford County, Illinois offers access to a local customer base. The precise dimensions of the land and building are not specified, but the sale includes all existing restaurant furniture and fixtures. This is a rare opportunity to acquire a fully equipped restaurant with a recent roof replacement at an attractive price point. Serious inquiries are encouraged to explore this promising investment. The property is conveniently located at 40.917678 latitude and -89.2914207 longitude.

    Property Features for 133 Jefferson St

    General Information

    Property type
    Restaurants

    We can help!

    Listing Contact
    Robert Fredericks

    Learn more

    Property Insight Report

    HighLights

    • $79,500 asking price for land and retail property.
    • Located at 133 S JEFFERSON Street, Washburn, IL 61570.
    • Commercial restaurant property.
    • Includes all tables and accessories.
    • New roof installed in 2015.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duckworks (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Washburn
    County
    Woodford
    State
    Illinois
    Longitude
    -89.2914207
    Latitude
    40.917678

    Nearby Comparable

    • $79,500
      2,475 SF

      Washburn Commercial Building - $79,500

      Prime Washburn location, 2,475 sq ft, includes all fixtures.
      133 Jefferson St, Washburn, IL 61570
      View Details
    • $1,872,000
      208.00 Acres

      208-Acre Land Parcel in Washburn, IL

      208-acre Washburn, IL property with farmland, hunting, and development potential.
      1594 Pleasantview Rd, Washburn, IL 61570
      View Details
    • $5,500,000

      Prime Washburn, IL Campground

      290-Acre Commercial Land, 18 Buildings
      823 Columbia Rd, Washburn, IL 61570
      View Details
    • $165,000

      Prime Lacon Commercial Property

      1900 sq ft building, great parking, two suites.
      130 5Th St, Lacon, IL 61540
      View Details

    Nearby Similar for Sale

    • $79,500
      2,475 SF

      Washburn Commercial Building - $79,500

      Prime Washburn location, 2,475 sq ft, includes all fixtures.
      133 Jefferson St, Washburn, IL 61570
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Great Location!
    Where is this restaurant located?
    The property is located at 133 Jefferson St Washburn, IL.
    What is the asking price?
    The asking price for this property is $79,500.
    What are key features of this property?
    This property features: $79,500 asking price for land and retail property.; Located at 133 S JEFFERSON Street, Washburn, IL 61570.; Commercial restaurant property.
    Request Owner's contact information
    133 Jefferson St Washburn, IL 61570
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    133 Jefferson St
    Washburn, IL 61570
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    133 Jefferson St Washburn, IL 61570
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert Fredericks
    Learn more
    Google sign-in failed. Please try again or use another login method.