Property profile

123 Main Ave Ladd, IL 61329

OFF-MARKET
Commercial real estate
Property ID
US28-3967700
0.14 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 8,000 square foot commercial building located at 123 S Main Avenue in Ladd, Illinois, presents a unique investment opportunity. The property is ideally suited for a variety of uses, offering significant flexibility for the discerning buyer. The lower level is currently configured as a fully operational restaurant, complete with a substantial commercial kitchen and a well-appointed bar area. This established setup provides a solid foundation for continued restaurant operations or a seamless transition to a different culinary concept. Ascending to the upper level reveals another bar, ready for immediate use, and a generously sized open space. This expansive area is perfectly adaptable to serve as a banquet hall, event venue, or any number of other commercial applications. The possibilities are truly limitless. The seller is motivated to sell and is offering attractive financing options, including owner financing or a land contract, to facilitate a smooth and efficient transaction. This presents a rare chance to acquire a substantial commercial property in a desirable location with considerable upside potential. The building's size and versatile layout make it an exceptional investment for both seasoned entrepreneurs and first-time commercial property owners. Don't miss this opportunity to own a piece of Ladd's vibrant commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.14 ac (6,250 SF)
APN 18-10-355-005
UPID US28-3967700

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

123 Main Ave Ladd, IL 61329-9652
Ladd metro Census 965100 OTTAWA, IL 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
$255k

Owner & transaction history

since 2025
Last sale
$100,000
1 recorded transaction
2025
$100,000

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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