712 Main St Mendota, IL 61342-1626
- Commercial real estate
- 3,200 SF
- 0.03 lot acres
May 21, 2025
Current Use by Public Records
- Leo's Studio Photographers / Photographer
Property Details for 712 Main St
- Year built
- 1856
- Lot size
- 0.03 lot acres
- Property size
- 3,200 SF
- Property type
- Commercial real estate
- APN
- 01-33-135-027
- APU
- 133135027
Description
This exceptional mixed-use property, located at 712 Main St, Mendota, IL 61342, presents a unique investment opportunity. The property encompasses a thriving, consistently profitable restaurant and bar featuring a full traditional American menu, situated on a 3,200 sq ft lot. The 6,400 sq ft building, constructed in 1856 and completely remodeled in 2011, boasts a two-story design and is currently operating at 100% occupancy. The main level houses the well-established restaurant and bar, while the upper level comprises four income-generating apartments, adding to the property's overall profitability. The property includes two APNs: 0133135026 and 0133135027. Ten parking spaces are available for patrons and residents. The building is zoned B2 and offers a gross lease structure. The asking price is $395,000, translating to $61.72 per square foot. Current owners are available to provide training to ensure a smooth transition for the new owner. This turnkey operation offers immediate income potential and a strong foundation for continued success. The property is situated in LaSalle County and includes addresses 712-714 Main St. This is a rare opportunity to acquire a well-established and profitable business with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $95,000
- ML approach
- $75,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $70,000
- AI Estimate
- $104,000
Market price range: $70.3k - $210kMarket price range: $104k - $288k
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Location Insight
- Map
- Local Demand
- City
- Mendota
- County
- Lasalle
- State
- Illinois
- Longitude
- -89.1187
- Latitude
- 41.5485
- CBSA code
- 36837
- CBSA name
- OTTAWA, IL MICROPOLITAN STATISTICAL AREA