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Property profile & analytics
OFF-MARKET
Commercial real estate
1112 Madison St, South Roxana, IL 62087-1600
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-5725603
Property summary
AI-generated overview
This thriving bar and grill, located at 1112 Madison St, Wood River, IL 62095, presents a unique investment opportunity. The 2,306 square foot property, built in 1950 and extensively renovated in 2020, sits on a 2,306 square foot lot (APN: 18-2-14-01-05-101-002) and is zoned B-2. The business boasts a fully equipped kitchen, inviting outdoor patio, pool table, and gaming machines. A separate, detached building, complete with electricity, provides a designated smoking area. Currently operating Monday-Friday 5 am to 1 am, Saturday 4 pm to 2 am, and Sunday 11 am onwards, the establishment serves breakfast, sandwiches, and daily food specials. Its prime location across from the Phillips 66 Wood River refinery ensures high visibility and consistent customer traffic. Conveniently situated 0.6 miles from I-255 and between Hwy 111 and I-255, directly across from the refinery entrance, this location offers exceptional accessibility. The asking price for this turnkey operation is $350,000. This represents an excellent opportunity for a savvy investor seeking a well-established, profitable business in a high-demand location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
1,800 SF
Lot
0.23 ac (10,000 SF)
APN
18-2-14-01-05-101-002
UPID
US28-5725603
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
Current use
Occupant on record · Public records
-
Sparky's Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sl Graham LLC · 7 yrs held
Sl Graham LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Roxana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Roxana submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,825
Tax year 2022
Assessed value
$22,160
Assessed 2022
Previous assessed
$22,160
+0.0% YoY
Effective rate
8.24%
On assessed value
Assessed land
$2,460
Assessed improvement
$19,700
Land market value
$7,387
Improvement market value
$59,159
Total market value
$66,546
Applied tax rate
146.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Total area
1,800 SF
Lot
0.23 ac (10,000 SF)
APN
18-2-14-01-05-101-002
UPID
US28-5725603
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Sl Graham LLC
Entity
Mailing address
327 S FILLMORE ST, EDWARDSVILLE, IL 62025-2114
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2019
—
Sl Graham LLC
Graham,steven
Quit Claim Deed
$85,000 · Bank Of Edwardsville
Jan 28, 2019
$75,000
Steven Graham
Herrin,kenneth D SR & Lori L
Warranty Deed
—
Feb 24, 2006
$52,000
Kenneth D Herrin SR.
Wallace,donald L & Tina R
Warranty Deed
$50,000 · Reliance Bank
Apr 29, 2005
$50,000
Donald L Wallace
Watkins,ida
Warranty Deed
$52,000 · Reliance Bank
—
—
Kenneth D Herrin SR.
—
Deed Of Trust
related
$48,000 · Liberty Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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