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Property profile & analytics
OFF-MARKET
Commercial real estate

425 Cedar St Hoopeston, IL 60942

9,975 SF
Property ID
US28-2993659
Property summary
AI-generated overview

This exceptional Hoopeston, IL property presents a unique investment opportunity. The 9,975 square foot building has served as the beloved "Skaters Paradise" for over 50 years, establishing a strong presence within the community. The property includes a substantial parking lot, easily accommodating the needs of the existing business. Beyond the main building, a two-car garage provides additional storage or workspace. A residential home is also situated on the property, offering versatile options for owner occupancy, rental income, or staff housing. The expansive outdoor space complements the existing building, providing ample room for expansion or outdoor activities. This property is situated on a lot exceeding one acre, offering significant potential for future development or expansion of the existing business. The established clientele and long-standing reputation of "Skaters Paradise" provide a solid foundation for continued success. This is a rare opportunity to acquire a well-established business with significant real estate assets in a thriving community. The property's size and versatility make it suitable for a variety of uses, beyond its current operation. Serious inquiries are encouraged to explore the full potential of this remarkable investment.

Property profile
Verified
Property type Commercial real estate
Total area 9,975 SF
UPID US28-2993659
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
Current use
Occupant on record · Public records
  • Skater's Paradise Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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