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    OFF-MARKET
    Commercial real estate

    215 Appleknocker St, Cobden, IL 62920

    Built 1896
    Individually Owned 5-yr Hold
    Property ID
    US28-5063362
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity in Cobden, Illinois, presents a unique chance to own a fully equipped commercial space. Located at 215 N Appleknocker Street, this property boasts a prime location in Union County, ready to welcome new culinary ventures. Built in 1896, the building offers a substantial 820 square feet of kitchen space, perfectly equipped for immediate operation. The kitchen includes a Blodgett pizza oven and a chrome top flattop grill, along with freezers and workstations, ensuring a smooth transition for any restaurateur. Beyond the kitchen, the restaurant features over 940 square feet of front-of-house space, providing ample room for seating and customer service. Adding to its appeal is an outdoor patio area on the north side, offering additional seating potential and enhancing the overall dining experience. The asking price for this fully equipped restaurant is $120,000. This property is zoned for commercial and restaurant use and presents a rare opportunity to establish or expand a successful food service business in a vibrant community. The building is ready for immediate occupancy, allowing for a quick start to your culinary endeavors. Don't miss this chance to own a thriving restaurant in Southern Illinois.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1896
    UPID US28-5063362
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Terri Addison · 5 yrs held
    Terri Addison
    since 2020
    1 recorded transaction
    2020
    $47,666
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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