123 Main Ave Ladd, IL 61329
- Commercial real estate
- 0.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 123 Main Ave
- Lot size
- 0.14 lot acres
- Property type
- Commercial real estate
- APN
- 18-10-355-005
- APU
- 1810355005
Description
This exceptional 8,000 square foot commercial building located at 123 S Main Avenue in Ladd, Illinois, presents a unique investment opportunity. The property is ideally suited for a variety of uses, offering significant flexibility for the discerning buyer. The lower level is currently configured as a fully operational restaurant, complete with a substantial commercial kitchen and a well-appointed bar area. This established setup provides a solid foundation for continued restaurant operations or a seamless transition to a different culinary concept. Ascending to the upper level reveals another bar, ready for immediate use, and a generously sized open space. This expansive area is perfectly adaptable to serve as a banquet hall, event venue, or any number of other commercial applications. The possibilities are truly limitless. The seller is motivated to sell and is offering attractive financing options, including owner financing or a land contract, to facilitate a smooth and efficient transaction. This presents a rare chance to acquire a substantial commercial property in a desirable location with considerable upside potential. The building's size and versatile layout make it an exceptional investment for both seasoned entrepreneurs and first-time commercial property owners. Don't miss this opportunity to own a piece of Ladd's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $380,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $365,000
- Mixed-Use
- $300,000
- Hospitality
- $400,000
- Educational
- $345,000
- Residential Income
- $395,000
- Energy
- $300,000
- Income-Based Land
- $300,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Ladd
- County
- Bureau
- State
- Illinois
- Longitude
- -89.2187
- Latitude
- 41.381
- CBSA code
- 36837
- CBSA name
- OTTAWA, IL MICROPOLITAN STATISTICAL AREA