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127 Main St Joy, IL 61260-7755

OFF-MARKET Commercial land Google Maps
Individually Owned Free & Clear
Estimated value
No estimation on file for this property yet.
Property ID US28-4499299

Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving restaurant and bar situated on a spacious lot in Joy, Illinois (61260), at 127 W MAIN Street. Built in 2000, the property boasts two buildings and includes a substantial parking area. The well-loved establishment has enjoyed consistent local patronage since its opening in 2007. The expansive interior features a variety of spaces, including a large dining room (21.10 x 33.3 ft), a buffet room (24 x 18.8 ft), a banquet room (14.7 x 17.7 ft), a fully equipped kitchen (33 x 8.5 ft), and multiple prep areas (20.3 x 10.7 ft and 19.8 x 9.4 ft). Additional features include a pool table room (29 x 16.6 ft) added in 2014, a bar room (15.5 x 26.7 ft) added in 2010, a 29 x 10 ft patio, and a separate shed. The property also benefits from a 2010 roof update, four furnaces, four AC units (plus a wall unit added in 2010), and a 100-amp kitchen electrical system. Two bathrooms, a furnace room, a hallway, and an electrical closet with heating and cooling are also included. This turnkey operation offers significant potential for continued success and growth. The asking price is $129,900.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 90919213022
UPID US28-4499299

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
  • Bar & Pub Restaurant

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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