17644 Us Hwy 54, Rockport, IL 62370-3236
This exceptional commercial property, located at 17644 US HWY 54 in Rockport, Illinois (zip code 62370), presents a unique investment opportunity. Priced at $269,000, this building boasts a wealth of recent upgrades, including a new roof, insulation, windows, water lines, electrical system, flooring, water heater, and water softener. Previously operating as a bar and restaurant, the property comes complete with all existing equipment, allowing for a smooth transition into business ownership. The building also includes a fully renovated two-bedroom apartment upstairs, offering versatile potential as living quarters or additional business space. The apartment features new windows. Adding to the property's appeal is a 12x30 foot insulated, heated, and cooled storage shed, perfect for inventory or operational expansion. Situated at a high-traffic intersection in Atlas, this property offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The property is ready for immediate occupancy. This is a rare opportunity to acquire a well-maintained, fully equipped commercial building with significant upside potential. Don't miss out on this chance to own a piece of Atlas's thriving 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 2023Comparables
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.