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    FOR SALE
    Commercial real estate

    210 N Lewis Ave, Oglesby, IL 61348

    4,472 SF 0.94 ac lot
    Individually Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-4483051
    210 N Lewis Ave, Oglesby, IL 61348 For Sale
    $595,000 4,472 SF
    210 N Lewis Ave, Oglesby, IL 61348
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 4,472 SF
    Lot 0.94 ac (40,946 SF)
    APN 18-26-300-006
    UPID US28-4483051
    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
    • Voluntary Action Center Social Service Agency Charitable Organization
    • Jorge's Waffles House 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
    Agim Mustafa · 3 yrs held
    Agim Mustafa
    since 2023
    Last sale
    $110,000
    7 recorded transactions
    2023
    $110,000
    2021
    2016
    2013
    $240,000
    2010
    2009
    2007
    $675,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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