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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    115 Collins St, Mendon, IL 62351-1264

    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US28-4340478
    Property summary
    AI-generated overview

    This exceptional commercial property located at 115 W Collins Street, Mendon, IL, presents a unique investment opportunity. The 8,574 square foot building sits on a 0.32-acre lot and is currently home to a successful restaurant and bar. The establishment features a spacious dining area perfect for large groups, a full-service wrap-around bar, and a dedicated game room ideal for entertainment and private events. Ample rear parking ensures convenient customer access. Adding to the property's income potential are three apartments, all currently occupied, providing a consistent rental stream. This turnkey operation offers a blend of established business and rental income, making it an attractive proposition for investors seeking a diversified portfolio. The asking price for this dynamic commercial property is $310,000. The property's prime location in the heart of Mendon, IL, ensures high visibility and accessibility for both the restaurant and apartment tenants. This is a rare chance to acquire a well-established, income-producing property with significant upside potential. The combination of a thriving restaurant and consistently occupied apartments makes this a truly compelling investment opportunity. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 70040300000
    UPID US28-4340478
    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
    • Mendon's Diner & Tap Restaurant
    • ATM Atm Grocery Store
    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
    Mendon S Diner & Tap INC · 8 yrs held
    Mendon S Diner & Tap INC
    since 2017
    1 recorded transaction
    2017
    $95,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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