25445 Pheasant Ln Channahon, IL 60410-8838
- Commercial real estate
- 27,448 SF
- 3.35 lot acres
Current Use by Public Records
- Pesciolino Osteria / Italian Restaurant / Seafood Restaurant
- Daniel Avalos: Allstate Insurance / Life Insurance Agency / Motorcycle Insurance Agency
- RE/MAX Hometown Properties / Real Estate Agent / Real Estate Agency
- Complete Comfort Dental / Dentist
- Elsa's / Casino
Property Details for 25445 Pheasant Ln
- Year built
- 2005
- Lot size
- 3.35 lot acres
- Property size
- 27,448 SF
- Property type
- Commercial real estate
- APN
- 03-13-353-005
- APU
- 313353005
Description
This exceptional 1200-square-foot retail space, located at 25445 Pheasant Lane in Channahon, Illinois, 60410, presents a fantastic opportunity for a restaurant operator. The property is a single-tenant space within a shopping center, offering immediate access to a thriving retail environment. The space is a second-generation restaurant, meaning it comes fully equipped with essential commercial kitchen infrastructure. This includes a pre-installed hood system, a grease trap, and a triple-compartment washbasin, significantly reducing initial setup costs and time. The property benefits from its strategic location within a rapidly developing retail area. Recent additions to the immediate vicinity include new establishments such as Starbucks, Tractor Supply, and O'Reilly Auto Parts, all of which have opened within the past year, indicating strong commercial growth and high consumer traffic in the area. This prime location ensures high visibility and accessibility for potential customers. The property is ready for immediate occupancy, making it an ideal choice for restaurateurs seeking a turnkey solution in a high-growth market. The property's address is easily accessible and well-suited for both dine-in and take-out operations. This is a rare opportunity to establish a restaurant in a vibrant and expanding retail hub.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $590,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $750,000
- 6.5%
- $740,000
- 7%
- $880,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $835,000
- Geo Method
- $760,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $785,000
- Retail
- $870,000
- Mixed-Use
- $920,000
- Hospitality
- $795,000
- Educational
- $955,000
- Residential Income
- $805,000
- Energy
- $790,000
- Income-Based Land
- $760,000
- Food Service
- $740,000
Location Insight
- Map
- Local Demand
- City
- Channahon
- County
- Grundy
- State
- Illinois
- Longitude
- -88.2666
- Latitude
- 41.4194
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA