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    FOR SALE
    Commercial real estate

    405 Park St, Cisne, IL 62823

    Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-3995975
    Property summary
    AI-generated overview

    This 0.1-acre commercial lot in Cisne, Illinois, presents a unique opportunity for business ownership. Currently operating as a fully updated restaurant, bar, and gaming venue, this turnkey establishment is available for purchase, including the existing LLC, ensuring a seamless transition. Recent renovations are extensive, encompassing new plumbing (meeting all state guidelines), electrical upgrades, a complete kitchen remodel (including a new grease trap), the addition of outdoor buildings, a new bar, and the installation of gaming equipment. Further improvements include fresh paint, new flooring, updated lighting, and more. The sale includes all equipment (excluding some décor). This property is located at 405 Park, Cisne, IL 62823. The asking price is $205,000. This property is ready for immediate operation, offering a fantastic chance to become your own boss. Note that this property may be purchased in combination with another property located at 1051 E North Avenue, Flora, IL 62839; further details are available upon request. The property is zoned for commercial use and offers significant potential for continued success or adaptation to other commercial ventures. The existing infrastructure and recent upgrades minimize the need for immediate capital investment, allowing for a quick start to operations.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 03-50-041-005
    UPID US28-3995975
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Patrick G Mcinnis · 13 yrs held
    Patrick G Mcinnis
    since 2012
    2 recorded transactions
    2012
    $61,000
    2008
    $26,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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