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    OFF-MARKET
    Commercial real estate

    111 Locust St, Fieldon, IL 62031

    2,880 SF 0.14 ac lot Built 1880
    Individually Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US28-1218771
    Property summary
    AI-generated overview

    This exceptional commercial property located at 111 W Locust Street in Fieldon, Illinois presents a fantastic investment opportunity. The brick building sits on a prominent corner lot spanning 0.27 acres and offers a substantial 2880 square feet of space. Currently operating as the Pour House, this established business boasts a proven track record of profitability. The sale includes all bar-related fixtures and equipment, ensuring a seamless transition for the new owner. Note that the games, slots, ATM, and jukebox are leased items and not included in the sale. Significant upgrades have been made to the property's infrastructure, with the electrical and plumbing systems having been completely updated between 2017 and 2018. This ensures modern functionality and reduces the need for immediate capital expenditure. The building's prime location and established clientele base provide a solid foundation for continued success. The asking price of $160,000 represents exceptional value for a turnkey commercial operation of this size and potential. This is a rare opportunity to acquire a profitable business with significant upside in a desirable location. Don't miss out on this chance to own your own piece of Fieldon's thriving commercial landscape. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1880
    Total area 2,880 SF
    Lot 0.14 ac (6,000 SF)
    APN 09-304-004-50
    UPID US28-1218771
    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
    Robert J Madson · 9 yrs held
    Robert J Madson
    since 2016
    2 recorded transactions
    2016
    $57,500
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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