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    OFF-MARKET
    Drive through restaurants

    1606 Tremont St, Spring Bay, IL 61611-9061

    246 SF 0.5 ac lot Built 1968
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-1513524
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1968
    Total area 246 SF
    Lot 0.5 ac (21,780 SF)
    APN 07-01-320-004
    UPID US28-1513524
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    KCMC INC
    KCMC INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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