2517 Il-16 Pana, IL 62557
This vacant, 4,208-square-foot retail property, located at 2517 IL Route 16 in Pana, Illinois, presents a unique investment opportunity. Previously operating as a restaurant and bar, the building features two bars, multiple seating areas, and a fully equipped kitchen, all included in the sale. Situated on a 0.72-acre lot with ample parking for over 40 vehicles (recently graveled), the property boasts a newly replaced roof (2024), a new AC unit, an outdoor fenced patio, and multiple entrances. Its prime location along IL Route 16/Highway 51 ensures high visibility, with a daily traffic count exceeding 6,000 vehicles. The property is zoned C-1, offering flexibility for various uses. The building, constructed in 1978, is a single-story structure. All existing kitchen equipment is included. Highway signage is in place. The property's APN is 11-25-23-101-003-00
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.