307 Railroad Ave Blue Mound, IL 62513
This exceptional Class A restaurant property in Blue Mound, Illinois presents a unique investment opportunity. Located at 307 N Railroad Ave, this 960-square-foot building sits on a 0.25-acre corner lot, enjoying high visibility on the busy IL RT 48, boasting over 4,700 vehicles daily. Built in 2015, the property is zoned COM and features a functional layout ideal for a food service or gaming establishment. The interior includes existing kitchen infrastructure, such as sinks and a grease trap, along with ADA-compliant restrooms, ensuring immediate operational readiness. The asking price is $85,000, translating to $88.54 per square foot. This turnkey operation is ready for a new owner to step in and capitalize on its prime location and existing infrastructure. The property's APN is 15-15-31-483-004, and its single-story building is situated in Macon County, Illinois, zip code 62513. This is a rare chance to acquire a well-established business space in a thriving community. The property's strategic location and existing features make it an attractive investment for both seasoned entrepreneurs and first-time business owners. Serious inquiries are encouraged.
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
Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Blue Mound, ILCosts & 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.