920 Niles St Metamora, IL 61548
- Commercial real estate
- 5.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 920 Niles St
- Lot size
- 5.36 lot acres
- Property type
- Commercial real estate
- APN
- 09-17-402-016
- APU
- 917402016
Description
This exceptional commercial property, located at 920 N Niles Street in Metamora, Illinois, presents a rare opportunity for a restaurant, bar, tasting room, or event center. The 2,420 square foot building sits on a spacious 5.36-acre lot, offering ample room for expansion and outdoor activities. The sale includes most of the furniture, fixtures, and equipment (FF&E), making this a truly turnkey operation. This significantly reduces the upfront investment for the new owner, allowing them to focus on establishing and growing their business. The property's prime location within the Metamora community ensures high visibility and accessibility. The asking price of $289,000 represents excellent value for a property of this size and potential. Prospective buyers are responsible for verifying the zoning regulations to ensure compatibility with their intended use. High-quality photographs will be available shortly. Don't miss this chance to acquire a well-priced, established commercial property with significant growth potential in a desirable location. Act quickly, as this property is expected to generate considerable interest.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $235,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $270,000
- Mixed-Use
- $290,000
- Hospitality
- $240,000
- Educational
- $320,000
- Residential Income
- $275,000
- Energy
- $315,000
- Income-Based Land
- $310,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Metamora
- County
- Woodford
- State
- Illinois
- Longitude
- -89.3563
- Latitude
- 40.7983
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA