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    OFF-MARKET
    Office Spaces

    119 Broadway St, Sparta, IL 62286-1648

    0.2 ac lot
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US28-3747649
    Property summary
    AI-generated overview

    This exceptional turnkey opportunity presents a fully operational Chinese restaurant located at 119 W Broadway Street in Sparta, Illinois. Priced at $150,000, this property offers a seamless transition for a new owner. The building sits on a 0.2-acre lot and includes all furnishings and equipment, eliminating the need for significant upfront investment in setup and supplies. The well-equipped kitchen is a key feature, boasting ample shelving for storage, multiple sinks, a dishwasher, various cooking surfaces, three freezers, and a convenient walk-in cooler. This comprehensive setup ensures immediate operational readiness, allowing the new owner to focus on building clientele and managing the business. The existing infrastructure and equipment provide a significant advantage, minimizing the time and resources required to commence operations. This is an ideal opportunity for an experienced restaurateur seeking an established business or an aspiring entrepreneur looking to enter the food service industry with minimal start-up hurdles. The property's location in Sparta offers access to a local customer base, providing a solid foundation for continued success. This is a rare chance to acquire a fully functioning restaurant, ready for immediate operation, with all the necessary equipment and furnishings included in the sale price. The property's size and existing infrastructure make it an attractive investment for those seeking a profitable venture in the thriving food service sector. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Lot 0.2 ac (8,712 SF)
    APN 19-007-002-00
    UPID US28-3747649
    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
    • Dynasty Chinese Cuisine 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
    Yun Ke Qiao · 2 yrs held
    Yun Ke Qiao
    since 2023
    Last sale
    $120,000
    1 recorded transaction
    2023
    $120,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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