Property profile

44 Grv St Prophetstown, IL 61277

OFF-MARKET
Other commercial real estate
Property ID
US28-3098659
0.47 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This commercial restaurant property was completely remodeled beginning in 2021, including updates to steel siding, flooring, electrical and plumbing systems, windows, bar equipment, and heating and cooling. The interior includes a 30 ft by 45 ft bar and dining area with a 30 ft bar and 12 barstools, along with additional dining seating provided by multiple tables. The exterior includes a covered front porch used for outdoor dining with seating for 34. The premises are located on IL-Route 78 in Prophetstown and are described as receiving approximately 3,000 vehicles per day, with parking provided for 21 vehicles. The property includes six Gold Rush gaming slots and is zoned COMMR; a walk-in freezer is also present as part of the improvements.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.47 ac (20,473 SF)
APN 1532276006
UPID US28-3098659

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

44 Grv St Prophetstown, IL 61277-9375
Prophetstown metro Census 700 STERLING, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$65k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2021
Last sale
$9,000
4 recorded transactions
2023
Price N/A
2021
$9,000
2019
$85,000
2013
$46,667

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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