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    224 2Nd St Hanna City, IL 61536

    Sponsored
    For Sale
    $499,000

    Turnkey Café, Coffee Shop, Ice Cream

    Property size:
    2,208 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 2,208 square foot, two-story retail property in Hanna City, Illinois, presents a unique investment opportunity. Currently operating as a thriving café, coffee shop, and ice cream parlor, "The Coffee Can" boasts a spacious layout, including a large outdoor deck perfect for al fresco dining. The second story offers additional rental income potential, ideal for private events or parties. The existing design is easily adaptable to various uses, including retail, a restaurant, or a bar

    Property Features for 224 2Nd St

    General Information

    Property type
    Restaurants
    Square Feet
    2,208 SF

    Building Details

    Stories
    2

    HighLights

    • 2,208 SF retail space with a spacious outdoor deck. Second‑story space offers additional rental income potential.
    • Adaptable layout suitable for coffee shop, retail, restaurant, or bar; liquor license and gaming approvals in place.
    • Unfinished shipping container for expansion; additional land available for billboard or digital advertising revenue.
    • Seating capacity: 42 inside, 62 on the deck, 20 upstairs, plus 8 balcony seats.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Pharmacy Gym & Fitness Auto Parts Store Kitchen & Bath Bar & Pub Grocery Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanna City
    County
    Peoria
    State
    Illinois
    Longitude
    -89.7971583
    Latitude
    40.6921073

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Café, Coffee Shop, Ice Cream
    Where is this restaurant located?
    The property is located at 224 2Nd St Hanna City, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 2,208 SF retail space with a spacious outdoor deck. Second-story space offers additional rental income potential.; Adaptable layout suitable for coffee shop, retail, restaurant, or bar; liquor license and gaming approvals in place.; Unfinished shipping container for expansion; additional land available for billboard or digital advertising revenue.
    Request Owner's contact information
    224 2Nd St Hanna City, IL 61536
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    224 2Nd St
    Hanna City, IL 61536
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    Realmo Value Estimation

    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.

    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.

    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
    224 2Nd St Hanna City, IL 61536
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