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    OFF-MARKET
    Retail properties & Spaces

    311 13 St, Geneseo, IL 61254

    Built 1940
    Property ID
    Property summary
    AI-generated overview

    This Cordova, IL commercial property, located at 311 13TH Street, 61254, offers a unique investment opportunity. The main floor boasts a spacious layout, including a 25' x 34' main area and a 25' x 38' dining area complete with a gas fireplace and ADA-compliant restrooms. A substantial kitchen (21' x 64') features a 38' hood and fire suppression system. The unfinished basement provides ample additional space, encompassing a 38' x 45' restaurant/bar area with two restrooms and 17' x 59' of unfinished storage. The basement is equipped with 90% efficient forced air heating and a 10 SEER AC unit. Significant upgrades include most wiring updates, a trussed roof added in 2005, main level garage roof top furnace-heat exchanger replacement (2011), and an AC unit replacement (2011). A west side roof unit was also replaced in 2011 with a previously unused unit. The property benefits from 440 3-phase power, a 2.5" gas line, and a buried 750-gallon grease tank. Built in 1940, this multi-tenant property presents a strong foundation for a thriving business, with significant existing infrastructure and potential for expansion. The asking price is $300,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1940
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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