Financial
Distress signals
Property profile

253 9Th St La Salle, IL 61301

FOR SALE
Other commercial real estate
Property ID
US28-3043164
4,451 SF 0.2 ac lot Built 1880
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a bar and restaurant space in LaSalle with approximately 4,451 square feet. It is configured for food service and on-site entertainment, including a stage, lighting, and a PA sound system with a sound board, with pool tables and live-music programming historically used on a regular basis. The kitchen is equipped for restaurant operations and includes two walk-in coolers/freezers, two large beer coolers, and eight tap lines. Additional amenities include leased gaming machines (6…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$44k
Assessed land$7k
Assessed improvement$37k
Effective rate10.22%

Value estimate

· Sep 2026
$230k
$207k – $253k
AI approach$230k
NOI build-up
Gross scheduled income$47k
Vacancy & credit loss−$3k
Operating expenses−$11k
NOI · 16.46% cap applied$33k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$50/SF
ZIP average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$27 – $74
Qualifying comparables15

Cap rate analysis

How does the asset earn?
16.46%
$33k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLASALLE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.8
Kitchen & Bath9.7
Plumbing Service9.5

Location

253 9Th St La Salle, IL 61301
County assessor Recorded deeds · not on file 15 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
641 1st, La Salle, IL 61301-2418 $240,000 Feb 2026 4,660 SF
829 1st, La Salle, IL 61301-2507 $60,000 Jul 2025 4,800 SF
749 1st, La Salle, IL 61301-2535 $280,000 May 2025 3,600 SF
933 5th, La Salle, IL 61301-2273 $265,000 Apr 2025 3,736 SF
901 1st, La Salle, IL 61301-2537 $145,000 Mar 2025 4,917 SF
3190 Us Hwy 251, La Salle, IL 61301-9746 $310,000 Oct 2024 4,464 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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
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