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Property profile & analytics
OFF-MARKET
Commercial real estate

101 Main St Elizabethtown, IL 62931

Entity Owned Absentee Owner Free & Clear
Property ID
US28-4562594
Property summary
AI-generated overview

This exceptional turnkey opportunity presents a well-established restaurant in the heart of Elizabethtown, Illinois. Located at the prime intersection of Main Street and Route 146, this 5,000 square foot building boasts high visibility and consistent traffic from both local residents and seasonal tourists. The restaurant, operating successfully for over 40 years, is a beloved community staple. The sale includes all owned restaurant equipment, furnishings, and existing inventory at the time of closing, making this a truly seamless transition for a new owner. While some updating and minor repairs are recommended, the building remains fully functional and ready for immediate operation. The property's strategic location offers significant advantages, capitalizing on the high volume of traffic passing through this key intersection. Adding to its appeal, the property is just a block away from the Ohio River, further enhancing its visibility and potential for attracting customers. This is a rare chance to acquire a profitable, established business with significant growth potential in a desirable location. Don't miss this opportunity to own a piece of Elizabethtown's history and culinary scene.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 06-82-025-03-000
UPID US28-4562594
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
Current use
Occupant on record · Public records
  • Banterra Bank Bank Loan Service
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
BANTERRA BANK
BANTERRA BANK
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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