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Property profile & analytics
FOR SALE
Commercial real estate
2 W Side Sq Macomb, IL 61455
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-4666603
For Sale
1 / 17
$169,000
2 W Side Sq, Macomb, IL 61455
View Listing →
Property summary
AI-generated overview
This exceptional 2 W SIDE Square property in Macomb, Illinois, presents a rare opportunity for commercial development. Currently configured as a bar/restaurant with a remarkable 4,000 square foot loft space, this 1900-built building offers unparalleled versatility. The expansive loft boasts high ceilings and an open floor plan, ideal for a variety of uses. Enjoy breathtaking views of the historic Courthouse Square from all floors. The property's significant advantage lies in its prime location on the square, ensuring high visibility and accessibility. Further enhancing its value is a newly replaced roof (2015) complete with a transferable 15-year warranty, minimizing immediate maintenance concerns. This is a blank canvas for your business vision, limited only by your imagination. The asking price is $299,900. The property is located at 2 W SIDE Square, Macomb, IL 61455, in McDonough County.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
APN
11-400-056-00
UPID
US28-4666603
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
-
Chubby's 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
Chad G Hunziker · 9 yrs held
Chad G Hunziker
since 2017
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 Macomb submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macomb 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
$6,295
Tax year 2023
Assessed value
$51,139
Assessed 2023
Previous assessed
$51,139
+0.0% YoY
Effective rate
12.31%
On assessed value
Assessed land
$9,957
Assessed improvement
$41,182
Land market value
$29,871
Improvement market value
$123,546
Total market value
$153,417
Applied tax rate
11,011.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
For Sale
APN
11-400-056-00
UPID
US28-4666603
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
Chad G Hunziker
Individual
Mailing address
305 W GRANT ST, MACOMB, IL 61455
Ownership since
2017
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
Mar 31, 2017
—
Chad G Hunziker
—
Deed
related
$40,000 · City Of Macomb
Mar 1, 2017
$140,000
Chad G Hunziker
Midamerica National Bank
Warranty Deed
$120,000 · State Bank Of Industry
Dec 22, 2014
—
Midamerica National Bank
Jason C Miller
Sheriffs Deed
related
—
Sep 9, 2014
—
Jason Gabriel Miller
Kymberly A Miller
Intrafamily Transfer
related
—
Mar 31, 2010
$279,000
Jason G Miller
Dane W Lamere
Warranty Deed
$150,000 · Midamerica National Bank
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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