Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Commercial real estate

    228 E Washington St, Oswego, IL 60543

    1,125 SF Built 1978
    Entity Owned ~ Est. High Equity
    Property ID
    US28-2851752
    Property summary
    AI-generated overview

    This exceptional 1,700 square foot retail property, located at 228 E Washington St, Oswego, IL 60543, presents a rare opportunity. Currently operating as a successful Italian restaurant and pizzeria with a 40+ year history and loyal customer base, this turnkey business is priced at $450,000, reflecting both property and business value. The sale includes the transfer of business assets via an asset purchase agreement. Situated on a 0.24-acre lot (APN: 03-20-128-011) with M-1 zoning, the single-story building boasts a 12-table dining room, bar, and a three-table front patio. A fully equipped kitchen features two pizza ovens. The property benefits from a strong demographic profile, with average household incomes exceeding $119,820 within a two-mile radius. This prime location in growing Oswego sits between the downtown area and Route 34, offering significant potential for continued growth under current ownership or with a new concept. Detailed equipment lists and financials are available to qualified buyers upon request. This is an ideal opportunity for an established restaurateur or a new business looking to capitalize on a thriving market.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1978
    Construction FRAME
    Total area 1,125 SF
    APN 03-20-128-011
    UPID US28-2851752
    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
    Current use
    Occupant on record · Public records
    • Danelli's Pizzeria & Italian Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Urbanedge Commercial Ventures LLC
    Urbanedge Commercial Ventures LLC
    since 2025
    Last sale
    $275,000
    1 recorded transaction
    2025
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message