Property profile

215 Appleknocker St Cobden, IL 62920

OFF-MARKET
Commercial real estate
Property ID
US28-5063362
2,040 SF 0.12 ac lot Built 1896
Individually Owned 6-yr Hold
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Property summary

AI-generated overview

This exceptional commercial property at 215 N Appleknocker Street, Cobden, Illinois, presents a unique opportunity for a restaurant owner. The 2,040 square foot building sits on a 0.12-acre lot and is currently configured as a pizzeria, complete with a fully operational kitchen. The kitchen, boasting over 820 square feet, includes a Blodgett pizza oven and a chrome top flattop grill, along with ample refrigeration and workspace. The front-of-house area exceeds 940 square feet, providing ample space for seating and customer service. All existing equipment is included in the sale, making this a truly turnkey operation. The building's layout is designed for efficiency and ease of operation, with a well-planned flow between the kitchen and dining areas. Adding to its appeal is an outdoor patio area on the north side, offering additional seating capacity and enhancing the overall dining experience. Priced at $98,700, this property represents a significant value for an established business or a new venture looking to capitalize on the demand for dining options in Union County. The location is ideal, and the existing infrastructure provides a solid foundation for immediate success. Don't miss this chance to own a thriving restaurant in Southern Illinois.

Property profile

Verified
Property type Commercial real estate
Year built 1896
Total area 2,040 SF
Lot 0.12 ac (5,227 SF)
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

Location

215 Appleknocker St Cobden, IL 62920
Cobden metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
1 recorded transaction
2020
$47,666

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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