1606 Tremont St, Spring Bay, IL 61611-9061
This exceptional turnkey business opportunity in Spring Bay, Illinois, presents a beautifully updated building situated on well-maintained grounds at 1606 TREMONT Street, East Peoria, IL 61611. Currently operating as a thriving pizza and ice cream parlor, this property offers a complete package including the building, land, and all necessary equipment. The asking price of $159,900 represents a compelling investment in a well-established, profitable venture. The property is conveniently located in the Village of Spring Bay, offering easy access for customers and excellent visibility. The attractive building and grounds contribute to the overall appeal and success of the business. This is an ideal opportunity for an experienced restaurateur looking to acquire an established business with immediate revenue potential or for a first-time buyer seeking a turnkey operation. The sale includes all existing equipment, allowing for a seamless transition and immediate commencement of operations. The property's location in the Village of Spring Bay provides a strong foundation for continued success. This is a rare opportunity to acquire a profitable, established business with significant upside potential. The property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.