Property profile

119 Broadway St Sparta, IL 62286

OFF-MARKET
Office Spaces
Property ID
US28-3747649
0.2 ac lot
Individually Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Restaurant

Location

119 Broadway St Sparta, IL 62286-1648
Sparta metro Census 950600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2023
Last sale
$120,000
1 recorded transaction
2023
$120,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 119 Broadway St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message