2453 State St, Chester, IL 62233-1147
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.