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    OFF-MARKET
    Land

    22461 Il Rte 9 Rd, Tremont, IL 61568

    Built 1983
    Property ID
    Property summary
    AI-generated overview

    This exceptional turn-key bar and restaurant opportunity is located in Tremont, Illinois, at 22461 IL Route 9 Road, zip code 61568. The property, built in 1983, includes a main building on a commercial land parcel. A significant remodel in 2016 updated the main floor, including HVAC, flooring, and two bathrooms. The spacious dining room boasts ceramic tile flooring, with tables, chairs, and booths included in the sale. The large bar area comfortably seats 16 patrons and features a convenient island for storage, plus a walk-in cooler. The well-equipped kitchen includes multiple refrigerators, fryers, ovens, and a grill, all within a climate-controlled environment. A full basement offers substantial potential for future development. Ample parking is available in front of the building. The property's prime location on the west side of Tremont, on IL Route 9, ensures high visibility and accessibility. All contents are included in the sale price of $350,000. The roof was also replaced in 2016. This is a rare opportunity to acquire an established and profitable business in a desirable location. Don't miss out!

    Property profile
    Verified
    Property type Land
    Year built 1983
    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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    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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