Property profile

113 Center St Bloomington, IL 61701

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This turnkey restaurant in downtown Bloomington, Illinois offers a fantastic opportunity for a new owner. Located at 113 N Center St, this 1,450 square foot single-tenant space boasts a consistent monthly revenue exceeding $11,000. The sale includes approximately $15,000 worth of kitchen equipment, ensuring a seamless transition. A significant advantage is the inclusion of a profitable ghost kitchen operation, adding to the overall revenue stream. The restaurant benefits from a strong social media presence, with over 1,000 followers on Facebook and Instagram, contributing to its established clientele. An existing monthly catering operation further enhances the profitability and provides additional revenue opportunities. This is a fully operational business, ready for immediate takeover, situated in a prime downtown location within McLean County (zip code 61701). The asking price is $60,000 (confidential). This represents a unique chance to acquire a well-established and profitable restaurant business with all the necessary infrastructure and a loyal customer base already in place. The business is ready for immediate operation, minimizing the time and effort required for setup and launch.

Property profile

Verified
Property type Restaurants

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

113 Center St Bloomington, IL 61701
Bloomington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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