508 Benton St, New Athens, IL 62264-1607
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.