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    Property profile & analytics

    311 Provost Ave Scales Mound, IL 61075-9625

    • Commercial real estate
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US28-4564433
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Old School Saloon / Bar & Grill

    Property Details for 311 Provost Ave

    Year built
    1940
    Lot size
    0.24 lot acres
    Property type
    Commercial real estate
    APN
    16-001-020-01
    APU
    1600102001

    Description

    This exceptional turnkey opportunity presents a fully operational bar and restaurant in Scales Mound, Illinois, listed at $375,000. The 4,500 square foot establishment, housed in a beautifully restored schoolhouse, boasts a prime location between Apple Canyon Lake and The Galena Territory, attracting both local residents and tourists from across the Wisconsin border. The main level features a stunning remodel with hardwood floors, exposed brick, and a custom-built bar. A fully equipped kitchen includes two deep fryers, two pizza ovens, a four-foot flat grill, walk-in cooler and freezer, prep cooler, and three-compartment sink. Behind the bar, two beer coolers are complemented by four additional freezers and an ice machine located downstairs. The lower level provides ample storage. Upstairs, a second floor mirroring the main level's square footage offers office space and two outdoor balconies, ideal for hosting events. Additional attic space allows for expansion or creative use. This unique venue combines historic charm with modern amenities, offering a versatile space with endless potential as a community hub or event destination. The property's strong reputation and loyal customer base ensure a smooth transition for a new owner. This is a truly remarkable opportunity in Jo Daviess County.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Scales Mound
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.2521
    Latitude
    42.4755

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,314
    $3,757
    $63,312
    $67,069
    -
    $11,272
    $189,955
    $201,227

    Comparable in this City

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      135 Franklin St

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      129 Franklin St

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      2,880 SF

      230 Ss Ave

      COMMERCIAL (GENERAL) • 2,880 SF
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    • Value Estimation
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      0.50 Acres

      123 Franklin St

      COMMERCIAL (GENERAL) • 0.50 Acres
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      View Details
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    311 Provost Ave
    Scales Mound, IL 61075-9625
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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