210 N Lewis Ave, Oglesby, IL 61348
For Sale
This exceptional 4,472 sq. ft. restaurant in Oglesby, IL, presents a turnkey opportunity for immediate operation. Located at 210 N Lewis Ave, this single-tenant property boasts a spacious dining area with 15 booths, 9 four-top tables, and ample seating for approximately 100 guests. The expansive kitchen is fully equipped with three six-burner gas stoves with ovens (two Vulcan, one Imperial), a grill top, a four-burner five-foot flat top, two deep fryers, an AVTEC hood, a warming tray, ample prep tables, a walk-in cooler with freezer, and a two-door cooler. Additional features include a full bar with back bar, reservation desk, salad bar, ice cream bar, and a serving cart. The property also includes ADA-compliant restrooms with baby changing stations, a large 25' x 42' patio perfect for outdoor dining, and a full basement offering significant storage or expansion potential, accessible via two sets of egress stairs. Its strategic location near Starved Rock State Park and major highways (I-39 and I-80), along with its proximity to hotels, fueling stations, and Illinois Valley Community College, ensures high visibility and convenient access for both local residents and tourists. Large signage opportunities are available on the building and a ~50' tall pylon sign provides excellent highway visibility. This property is ready for immediate occupancy and presents a rare opportunity to acquire a fully operational restaurant in a high-traffic area.
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Voluntary Action Center Social Service Agency Charitable Organization
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Jorge's Waffles House Restaurant
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
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.