101 Main St Steeleville, IL 62288-1513
- Office Properties & Spaces
Current Use by Public Records
- The Local Pub Corporation / Bar & Grill
Property Details for 101 Main St
- Property type
- Office Properties & Spaces
- APN
- 17-003-008-00
- APU
- 1700300800
Description
This exceptional commercial property at 101 E Main Street, Steeleville, Illinois presents a unique investment opportunity. Situated on a 0.34-acre lot, this fully renovated restaurant space is ready for immediate occupancy. The building is ideally positioned for high visibility and foot traffic, making it perfect for a variety of food service businesses, including restaurants, cafes, or even event spaces. The modern renovations provide a clean, contemporary aesthetic, minimizing the need for extensive upgrades and allowing a new owner to focus on their business operations. The interior layout is adaptable and can be customized to suit specific needs and preferences. This turnkey operation eliminates the hassle and expense of extensive renovations, allowing for a swift and efficient start-up. The property's location in the heart of Steeleville offers access to a local customer base and provides excellent potential for growth and success. The asking price is $245,000. This is an exceptional chance to acquire a well-maintained, ready-to-use commercial space in a desirable location. Don't miss this chance to establish your business in a thriving community. The property is offered as-is.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $50,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $70,000
- 7%
- $75,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $60,000
- Geo Method
- $75,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $60,000
- Retail
- $70,000
- Mixed-Use
- $65,000
- Hospitality
- $65,000
- Educational
- $60,000
- Residential Income
- $60,000
- Energy
- $60,000
- Income-Based Land
- $60,000
- Food Service
- $80,000
Location Insight
- Map
- Local Demand
- City
- Steeleville
- County
- Randolph
- State
- Illinois
- Longitude
- -89.6581
- Latitude
- 38.0095