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    OFF-MARKET
    Commercial real estate

    1104 Tuscola Blvd, Tuscola, IL 61953-2065

    2,924 SF 0.94 ac lot Built 1999
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-5155516
    Property summary
    AI-generated overview

    This exceptional 2,924 square foot free-standing restaurant building presents a unique investment opportunity in Tuscola, Illinois. Located at 1104 Tuscola Boulevard, this property boasts a prime location on IL-36, the main business corridor, just one block west of I-57, ensuring high visibility and accessibility. Built in 1996 and renovated in 2006, the building sits on a sizable 0.9-acre lot providing ample parking for approximately 56 vehicles. The property is currently vacant, offering a blank canvas for a new culinary venture or a chance to repurpose the space. The interior features some remaining fixtures, fittings, and equipment, including hoods and coolers, potentially reducing initial setup costs. The B-1 Highway Business zoning allows for a variety of commercial uses. This is an ideal opportunity for an entrepreneur seeking a well-established location with significant potential for growth. The asking price is $550,000. The property's size, location, and existing infrastructure make it a highly attractive investment in a thriving commercial area. Don't miss this chance to acquire a turn-key restaurant space or adapt it to your specific business needs.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1999
    Total area 2,924 SF
    Lot 0.94 ac (40,946 SF)
    APN 09-08-02-200-02200
    UPID US28-5155516
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    WE KNOW SUCCESS PROPERTIES LLC
    WE KNOW SUCCESS PROPERTIES LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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