Property summary
This exceptional commercial property at 510 Chicago Ave, Dixon, IL 61021, presents a lucrative investment opportunity. The 9,026 square foot retail center sits on a lot ranging from 0.5 to 0.99 acres (APN: 07080415701100) and is currently home to a successful bar and grill with a gaming area featuring pool tables and five video gaming machines. The property boasts a fully equipped kitchen, an inviting outdoor patio with seating, and a spacious full basement providing ample storage. Adding to its appeal, the property includes three additional rental units, one of which is occupied by a long-term tenant, generating consistent rental income. The asking price is $599,900, translating to $66.46 per square foot. This established business, coupled with the additional rental units, offers a strong foundation for immediate cash flow and significant future growth potential. The property's prime location in Dixon, Illinois, ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking a high-return commercial venture. This is a rare opportunity to acquire a thriving business with multiple income streams in a desirable location. Don't miss out on this exceptional opportunity.
Property profile
VerifiedCap rate & NOI
Current use
-
Bar & Pub
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.