2414 Il-23 Streator, IL 61364
This exceptional 17,000-square-foot mixed-use commercial property in Streator, Illinois, presents a unique investment opportunity. Situated on a 1.6-acre lot, the building currently operates as a successful bowling center and restaurant. The expansive layout offers ample space for a variety of commercial uses, allowing for the continuation of the existing business or a complete transformation to suit a new venture. The property boasts modern amenities, including spacious dining areas designed to accommodate a large number of patrons, and multiple bowling lanes, providing a ready-made entertainment component. Its strategic location ensures high visibility and significant foot traffic, attracting both local residents and visitors alike. The property's size and versatility make it an ideal candidate for a wide range of commercial enterprises, offering substantial potential for growth and profitability. This is a rare chance to acquire a well-established commercial property in a thriving community, ready for immediate occupancy or redevelopment. The asking price is $525,000. The property is located at 2414 N Il-23, Streator, IL.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.