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Property profile & analytics

21575 State Hwy 78 Canton, IL 61520-8374

  • Commercial real estate
  • 1.42 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-3804616
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 21575 State Hwy 78

Lot size
1.42 lot acres
Property type
Commercial real estate
APN
14-14-14-100-005
APU
141414100005

Description

This turnkey commercial property in Canton, IL presents a fantastic investment opportunity. The 1,144 square foot building, formerly the Sky Rocket Tap, is a fully operational tavern-style bar ready for immediate use. Recent renovations include a new roof (2023), updated HVAC system (furnace and A/C), new vinyl siding, and a new water heater. The septic system was also replaced in 2020. The bar boasts significant recent equipment upgrades, including a walk-in cooler (2020), upright coolers (2023), a commercial deep freezer (2020), and a flat-top cooler (2020). The property includes all existing furniture and some bar signage. Previously equipped with six gaming machines, this location offers potential for diverse revenue streams. An expansive new beer garden with power outlets provides ample space for outdoor entertainment. The 1.42-acre lot also includes an additional house, sold as-is, requiring some tender loving care. All this is offered at an attractive price point. This is a rare opportunity to acquire an established business with significant recent improvements and considerable land in a desirable location. The property is handicap accessible and features all-new flooring throughout the bar area. The house on the property received a new roof in 2020.


Value Estimations

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Location Insight

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  • Local Demand
City
Canton
County
Fulton
State
Illinois
Longitude
-90.0288
Latitude
40.5035
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,277
$7,190
$30,430
$37,620
-
$21,570
$91,290
$112,860
More about this property
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