Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Restaurant Opportunity Title is generated by Realmo AI

    121 Main St, Oswego, IL 60543

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Fully equipped restaurant ready for immediate operation.

    Type:Restaurant
    Added:
    May 3, 2024
    Days on Market:
    750
    Last Refresh:
    May 12 at 8:52 pm

    Property Features for 121 Main St

    General Information

    Standard status
    Active
    Property subtype
    Restaurant

    Spaces For Lease

    at 121 Main St Contact us

    $35/Mo

    Size
    5,000 SF
    Type
    Restaurant
    Contact us

    We can help!

    Listing Contact
    Jason Pesola

    Listing agent Jason Pesola License #IL 475.164200

    Listing office Century 21 Integra

    Listing date May 3, 2024

    Source Crexi

    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 Century 21 Integra

    HighLights

    • Turn‑key restaurant ready for immediate operation.
    • Fully equipped with all current equipment, furniture, and decor included.
    • New (two years old) building with updated systems.
    • Ideal for breakfast, ice cream, or fast casual concepts.
    • Features a new hood system, HVAC, and cooler/freezer combination.
    • Includes ice cream machines and state‑of‑the‑art kitchen equipment.

    Overview

    This is a turn-key restaurant opportunity, named "The Dairy Barn", suitable for various concepts such as a breakfast spot, ice cream parlor, or fast casual dining. The fully equipped dining establishment is ready for immediate operation. The opportunity includes access to all current equipment, furniture, a party room, decor, and more. The building is two years old and features a new hood system, HVAC, cooler/freezer combination, ice cream machines, and state-of-the-art kitchen equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kwok Cafe Bakery

    Suggested Use

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

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

    Similar Places Nearby

    • Umbrella Azul — 52 N Adams St, Oswego, IL 60543

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Kendall
    State
    Illinois
    Longitude
    -88.3533774
    Latitude
    41.6830216

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Suite in Oswego

      Move-in ready office suite in a high-visibility Oswego location.
      1 E Merchants Drive, Oswego, IL 60543
      View Details
    • $20 SF/Yr

      Bustling Shopping Center in Oswego

      Well-kept shopping center with excellent parking and high visibility.
      1100-1168 Douglas Road, Oswego, IL 60543
      View Details
    • $28 SF/Yr
      1,677 SF

      Equipped Restaurant Space Available

      Turnkey restaurant opportunity with equipped kitchen and functional bar.
      228 E Washington St, Oswego, IL
      View Details
    • $20 SF/Yr

      Retail Space in Mason Square

      Retail space in a bustling shopping center with ample parking.
      1154 Douglas Road, Oswego, IL 60543
      View Details
    • Contact for pricing

      Professional Office Space Available

      Well-maintained Oswego office space with excellent access and amenities.
      1 E Merchants Drive, Oswego, IL 60543
      View Details
    • Contact for pricing

      Oswego Retail, Restaurant, Medical Space

      Retail, restaurant, and medical spaces available in downtown Oswego.
      160 West Washington Street, Oswego, IL, 60543
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space Available For Rent

      Retail space available for rent in Oswego, Illinois.
      300-540 Fifth Street | Oswego, IL 60543
      View Details
    • Contact for pricing
      32,130 SF

      Industrial Flex Unit For Rent

      Well-maintained industrial flex unit with multiple overhead doors.
      195 Kendall Point Drive, Oswego, IL 60543
      View Details
    • Contact for pricing
      1,546 SF

      Oswego Junction Retail Opportunities

      Retail spaces available in a 45,864 SF shopping center.
      1031 Station Dr, Oswego, IL
      View Details
    • $2,900/Mo
      2,800 SF

      Small Warehouse Units Available

      Small warehouse units with ample parking and outside storage.
      57 Baseline Rd, Oswego, IL
      View Details
    • $16 SF/Yr
      4,000 SF

      Oswego Medical/Office Suite for Rent

      4,000 SF medical/office suite in Oswego, Illinois for lease.
      2073-2075 Wiesbrook Dr, Oswego, IL
      View Details
    • Contact for pricing
      4,250 SF

      Regional Shopping Center Retail Space

      High-traffic shopping center in growing Illinois county.
      1270-2984 US Hwy 34, Oswego, IL
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant ready for immediate operation.
    Where is this restaurant located?
    The property is located at 121 Main St Oswego, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Turn‑key restaurant ready for immediate operation.; Fully equipped with all current equipment, furniture, and decor included.; New (two years old) building with updated systems.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Pesola
    Real Estate License ID: IL 475.164200
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    121 Main St, Oswego, IL 60543
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!