115 Collins St, Mendon, IL 62351-1264
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.
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Mendon's Diner & Tap Restaurant
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ATM Atm Grocery Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.