Property profile

210 N Lewis Ave Oglesby, IL 61348

FOR SALE
Commercial real estate
Property ID
US28-4483051
4,472 SF 0.94 ac lot
Individually Owned 3-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Social Service Agency Charitable Organization
  • Restaurant

Location

210 N Lewis Ave Oglesby, IL 61348
Oglesby metro Census 963400 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$90k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2023
Last sale
$110,000
7 recorded transactions
2023
$110,000
2021
Price N/A
2016
Price N/A
2013
$240,000
2010
Price N/A
2009
Price N/A
2007
$675,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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