2709 Locust St Sterling, IL 61081
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.
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
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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.