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111 Locust St Fieldon, IL 62031

OFF-MARKET Commercial real estate Google Maps
2,880 SF 0.14 ac lot Built 1880
Individually Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$105k
Range $95k – $116k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2016
2 recorded transactions
2016
$57,500
2005
Price N/A

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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