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Property profile & analytics
OFF-MARKET
Commercial real estate
134 Market St, Colchester, IL 62326-1099
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-3704514
Property summary
AI-generated overview
This exceptional commercial property in Colchester, Illinois, presents a unique investment opportunity. Located on the 100 block of East Market Street, this well-established restaurant is renowned for its delicious food, drawing customers from miles around. The property encompasses two buildings totaling 5,367 square feet, built in 1890. The main building houses a fully equipped restaurant kitchen, complete with a walk-in cooler and freezer, dry storage, a prep area, and an office. The restaurant currently operates for lunch and dinner and holds a beer and wine license. An attached building features a gaming parlor with a lounge area that can serve as additional restaurant seating. Adding to the income potential, a spacious two-bedroom apartment on the second level of the gaming parlor is currently leased for $750 per month. This turnkey operation offers a blend of established business and rental income, making it an attractive proposition for a discerning buyer. Financial statements are available for pre-qualified buyers.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
APN
05-000-568-00
UPID
US28-3704514
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
-
The Grill on Market Street 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
Todd A Knox · 4 yrs held
Todd A Knox
since 2021
Last sale
$38,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colchester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$773
Tax year 2023
Assessed value
$7,501
Assessed 2023
Previous assessed
$7,501
+0.0% YoY
Effective rate
10.31%
On assessed value
Assessed land
$1,411
Assessed improvement
$6,090
Land market value
$4,233
Improvement market value
$18,270
Total market value
$22,503
Applied tax rate
5,004.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
APN
05-000-568-00
UPID
US28-3704514
Jurisdiction
MCDONOUGH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Current owner
From public records · entity-resolved
Todd A Knox
Individual
Mailing address
10920 E 755TH ST, COLCHESTER, IL 62326-1771
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
—
Margaret A Knox
—
Deed
related
$20,000 · Fortress Bank
Aug 17, 2021
$38,000
Todd A Knox
Kathy B Irish
Warranty Deed
—
Jul 27, 2007
$16,500
Kathy B Irish
Wendell I Beck
Warranty Deed
—
Jun 23, 2005
$32,000
Wendell I Beck
Colchester State Bank
Warranty Deed
$36,000 · Colchester State Bank
May 3, 2005
—
Colchester State Bank
Thomas W Creasey
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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