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    Property profile & analytics
    OFF-MARKET
    Office Spaces

    2453 State St, Chester, IL 62233-1147

    Individually Owned ~ Est. High Equity
    Property ID
    US28-3738443
    Property summary
    AI-generated overview

    This exceptional turnkey commercial property, located at 2453 State Street in Chester, Illinois, presents a unique opportunity for an aspiring entrepreneur. Priced at $75,000, this established diner sits on a sizable 0.29-acre lot across from Reid's, benefiting from high visibility and traffic flow on a busy highway at the edge of town. The property boasts significant highway frontage, maximizing exposure to potential customers. The main building includes a large 47x8 foot wooden deck complete with picnic tables, adding significant outdoor seating capacity. A convenient drive-thru lane is already in place, streamlining service and increasing efficiency. All commercial kitchen equipment is included in the sale, representing a substantial cost savings for the new owner. This includes a commercial-grade walk-in cooler, deep freezers, and multiple refrigerators, ensuring seamless operation from day one. Further enhancing the property's utility is a second building, measuring 384 square feet, with a concrete floor, ideal for additional storage or expansion. This is a truly remarkable opportunity to own and operate a thriving business in a prime location, with all the necessary infrastructure and equipment already in place. The property is ready for immediate operation, making this an exceptional investment for a motivated buyer.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    APN 18-174-015-00
    UPID US28-3738443
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bailey Hoffman
    Bailey Hoffman
    since 2025
    Last sale
    $52,500
    7 recorded transactions
    2025
    $52,500
    2017
    $52,500
    2012
    $88,000
    2012
    2009
    2008
    $40,000
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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