214 Main St Ruma, IL 62278
- Office Properties & Spaces
Current Use by Public Records
- Office Properties & Spaces
Property Details for 214 Main St
- Property type
- Office Properties & Spaces
- APN
- 13-145-005-00
- APU
- 1314500500
Description
This exceptional, fully renovated turn-key wine bar and restaurant is situated at 214 Main St, Ruma, IL, a mere five miles south of Red Bud. The property boasts a charming, rustic ambiance, featuring exposed brick walls in the dining and bar areas, creating a relaxed and inviting atmosphere. A unique architectural detail includes impressive pulley and belt ceiling fans. The sale includes all commercial equipment, furniture, and fixtures, ensuring a seamless transition for the new owner. The establishment benefits from ample parking, with spaces available both in front of and behind the building, supplemented by a nearby public parking area. The outdoor patio provides additional seating and a pleasant space for patrons to enjoy food and drinks. The building sits on a 0.28-acre lot and is offered at $750,000. This presents a rare opportunity to acquire an established and successful business in a desirable location. The property's turn-key nature minimizes the start-up challenges, allowing for immediate operation and revenue generation. The combination of a well-established business, charming atmosphere, and convenient location makes this a highly attractive investment opportunity. The building itself is a renovated turn-of-the-century structure, blending historical charm with modern amenities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $155,000
- 6.5%
- $145,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $145,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $135,000
- Retail
- $135,000
- Mixed-Use
- $130,000
- Hospitality
- $145,000
- Educational
- $165,000
- Residential Income
- $140,000
- Energy
- $120,000
- Income-Based Land
- $165,000
- Food Service
- $155,000
Location Insight
- Map
- Local Demand
- City
- Ruma
- County
- Randolph
- State
- Illinois
- Longitude
- -89.9977
- Latitude
- 38.1348