Technical
Financial
Distress signals
Property profile

115 Collins St Mendon, IL 62351

OFF-MARKET
Commercial real estate
Property ID
US28-4340478
Entity Owned 8-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Atm Grocery Store

Location

115 Collins St Mendon, IL 62351-1264
Mendon metro Census 10100 QUINCY, IL-MO MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2017
1 recorded transaction
2017
$95,000

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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