Property profile

22461 Il Rte 9 Rd Tremont, IL 61568

OFF-MARKET
Land
Built 1983
Saved · see the list in your Dashboard

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

Location

22461 Il Rte 9 Rd Tremont, IL 61568
Tremont metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22461 Il Rte 9 Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message