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    OFF-MARKET
    Commercial real estate

    508 Benton St, New Athens, IL 62264-1607

    1,280 SF 0.19 ac lot Built 1990
    Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-5685327
    Property summary
    AI-generated overview

    This exceptional opportunity presents a 1,750-square-foot restaurant/diner located at 508 S Benton St, New Athens, IL 62264. Priced at $100,000 ($57.14/sq ft), this single-tenancy property sits on a 0.19-acre lot (APN: 18-33.0-214-011 & 013) and boasts a prime location near the Kaskaskia River, at the corner of S. Benton St. and Spotsylvania St. Built in 1990, the building is zoned GC and offers a fully equipped kitchen including a hood system, two walk-in coolers, a hardtop grill, fryer, steam table, and dishwasher. The sale includes existing tables and chairs, making this a truly turnkey operation. The property's established history as a diner provides a strong foundation for continued success or a fresh start with a new concept. This is an ideal investment for an experienced restaurateur or a first-time business owner looking for a well-equipped, established location. The property's convenient location and existing infrastructure offer significant potential for growth and profitability. Don't miss this chance to own a thriving business in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1990
    Construction WOOD
    Total area 1,280 SF
    Lot 0.19 ac (8,276 SF)
    APN 18-33-0-214-011
    UPID US28-5685327
    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
    Peggy Lance · 12 yrs held
    Peggy Lance
    since 2013
    Last sale
    $75,000
    5 recorded transactions
    2014
    2013
    $135,000
    2006
    $75,000
    2006
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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