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    712 Smith St Golden, IL 62339

    Sponsored
    For Sale
    $99,000

    Restaurant & Warehouse Opportunity - $99,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Golden, Illinois commercial property, located at 712 SMITH Street, presents a unique investment opportunity. Priced at $99,000, this property boasts a versatile layout ideal for a variety of uses. Previously operating as a pizza parlor, the building offers significant potential for a restaurant, complemented by a substantial warehouse space. The existing structure includes a large cooking hood, which will convey with the sale. The warehouse area features new doors and windows, ready for immediate use. While the property includes a framed bathroom ready for finishing, a water heater is not currently installed. A 9x9 walk-in cooler and HVAC system are also present but have never been used by the seller. The seller has recently replaced the west side roof, ensuring a sound structure. The property's zoning allows for commercial, restaurant, and warehouse uses, offering flexibility for various business plans. This property is situated in Adams County, Illinois, with the precise location at 40.1091191 latitude and -91.0165074 longitude, and zip code 62339. The land itself offers ample space for expansion or outdoor operations. This is a rare chance to acquire a multi-functional property with significant upside potential in a desirable location. The combination of restaurant and warehouse space provides a unique opportunity for either a single business or separate rental income streams. Don't miss this chance to own a piece of Golden, Illinois's commercial landscape.

    Property Features for 712 Smith St

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Wholesale Shop Auto Repair Shop Pharmacy Kitchen & Bath Bar & Pub Garden Center Daycare Center Plumbing Service Nursing Home Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Golden
    County
    Adams
    State
    Illinois
    Longitude
    -91.0165074
    Latitude
    40.1091191

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    FAQs

    What type of property is this?
    Restaurant - Restaurant & Warehouse Opportunity - $99,000
    Where is this restaurant located?
    The property is located at 712 Smith St Golden, IL.
    What is the asking price?
    The asking price for this property is $99,000.
    Request Owner's contact information
    712 Smith St Golden, IL 62339
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    Golden, IL 62339
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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
    712 Smith St Golden, IL 62339
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