425 Cedar St Hoopeston, IL 60942
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.
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Skater's Paradise Sports Field & Court
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.