Property profile

105 Ace Rd Princeton, IL 61356

OFF-MARKET
Commercial real estate
Property ID
US28-4062652
1.29 ac lot
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,500-square-foot retail or restaurant space is ideally situated at 105 Ace Rd, Princeton, IL 61356, in Bureau County. Built in 2000, this single-tenant building sits on a substantial 56,600-acre lot and boasts a convenient one-story layout. The property is zoned for commercial use and offers ample parking, making it highly accessible for customers. The interior features two restrooms and a large atrium area, providing versatile space for various business needs. Previously a fast-food restaurant, this location benefits from high visibility and traffic counts due to its proximity to major roadways, including I-80. Nearby establishments include Casey's General Store, Walmart, Culver's, and a large grocery store, ensuring a strong customer base. The lease rate is $15.00 per square foot, plus taxes, insurance, and maintenance. The entire 3,500 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for businesses seeking a prominent location with excellent visibility and convenient access.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.29 ac (56,192 SF)
APN 16-04-300-056
UPID US28-4062652

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

105 Ace Rd Princeton, IL 61356-9294
Princeton metro Census 965300 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2025
Last sale
$390,000
3 recorded transactions
2025
$390,000
2023
Price N/A
2006
$1.2M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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