945 1St St La Salle, IL 61301
- Commercial real estate
- 2,800 SF
- 0.05 lot acres
Current Use by Public Records
- Doc's Pub / Bar
Property Details for 945 1St St
- Lot size
- 0.05 lot acres
- Property size
- 2,800 SF
- Property type
- Commercial real estate
- APN
- 18-15-416-018
- APU
- 1815416018
Description
This exceptional mixed-use property in La Salle, Illinois, presents a unique investment opportunity. Located at 945 1st St, this fee-simple offering encompasses a thriving bar and a separate, income-generating two-bedroom, one-bathroom apartment. The main level features a modern bar area (17x40 ft) with sleek stainless steel countertops, a 15x18 ft game room, and a space with potential for kitchen conversion. The upstairs apartment, currently rented for $850/month, boasts a living room, dining room, and kitchen, providing a consistent revenue stream. The property also includes three gaming machines, with potential for expansion to six. Adding to its versatility, an outdoor area (with a separate PIN) is included, offering possibilities for development, such as a beer garden. The total square footage is 2,800, situated on a 4,800 sq ft lot, with two units across two stories. The asking price is $180,000, resulting in a price per square foot of $64.29. The property is currently 100% occupied and offers significant potential for increased revenue and expansion. This is a turnkey operation in a prime location, ready for a new owner to capitalize on its existing success and explore further development opportunities. The property's two parcel numbers are 18-15-416-018 & 18-15-416-019.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Salle
- County
- Lasalle
- State
- Illinois
- Longitude
- -89.0917
- Latitude
- 41.3287
- CBSA code
- 36837
- CBSA name
- OTTAWA, IL MICROPOLITAN STATISTICAL AREA
