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Property profile & analytics
OFF-MARKET
Mixed-use properties

2709 Locust St Sterling, IL 61081

7,000 SF Built 1900
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property at 2709 Locust Street in Sterling, Illinois, presents a unique investment opportunity. The 7,000-square-foot building, a beautifully restored historic dairy barn, currently operates as a thriving restaurant, deeply ingrained in the local community. The property boasts modern amenities seamlessly integrated into its rustic charm, including updated plumbing and electrical systems, and low-maintenance steel siding. The interior features exposed barn wood, beamed ceilings, a cozy fireplace in a dedicated banquet room, and two modern bars complete with a draft beer tapping system. A spacious, top-of-the-line commercial kitchen is equipped with both walk-in freezer and cooler units, ensuring efficient food preparation and storage. Multiple drive-through windows provide convenient service options. A large parking area accommodates ample customer vehicles. The property also includes an additional lot (Lot#1109300007), measuring 248 x 106 feet, with 2022 taxes totaling $439.80. This cherished community asset offers endless possibilities for continued success or creative repurposing, capitalizing on its prime location and established reputation. The property's blend of history and modern functionality makes it an attractive proposition for discerning investors and entrepreneurs alike.

Property profile
Verified
Property type Mixed-use properties
Year built 1900
Total area 7,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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