123 Main Ave, Ladd, IL 61329-9652
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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.