401 N Bishop Hill St Bishop Hill, IL 61419
For Sale
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This exceptional commercial property, located at 401 N Bishop Hill Street in Bishop Hill, Illinois, presents a rare investment opportunity. Priced at $169,000, this 0.15-acre lot features a charming, single-building storefront originally constructed in 1918. The building boasts a rich history, having served as Spet's Grocery Store, and more recently, as the home of Entwined and the Krans Kafe. Both businesses have since relocated within the town, leaving this remodeled space immediately available for a new owner. Situated on the main commercial street of Bishop Hill, this property benefits from high visibility and foot traffic. The building is in move-in condition, eliminating the need for extensive renovations, allowing for a quick start to operations. Its prime location and historical significance make it an ideal opportunity for a variety of retail businesses seeking a unique and established presence in this vibrant Illinois community. The property's zip code is 61419, and its coordinates are 41.2026066 latitude and -90.1185184 longitude. This is a truly unique chance to own a piece of Bishop Hill's history and establish a thriving business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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.