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Property profile & analytics
FOR SALE
Commercial real estate

401 N Bishop Hill St Bishop Hill, IL 61419

0.15 ac lot
Individually Owned 10-yr Hold Free & Clear
Property ID
US28-3465903
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.15 ac (6,534 SF)
APN 23-14-279-008
UPID US28-3465903
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Nancy J Sutton · 10 yrs held
Nancy J Sutton
since 2015
1 recorded transaction
2015
$55,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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