604 Main St, Woodlawn, IL 62898-1100
This exceptional 1,200 square foot commercial property located at 604 N Main Street in Woodlawn, Illinois, presents a unique opportunity for a discerning entrepreneur. The building has undergone a complete renovation, transforming it into a fully equipped and operational restaurant. The extensive renovations include a brand new walk-in cooler strategically positioned behind the building, ensuring efficient food storage. All kitchen equipment is new, eliminating the need for significant upfront investment. Safety is paramount, with a newly installed fire suppression system providing peace of mind. The property boasts new flooring throughout, a new roof for lasting durability, and a modern split-unit heating and air conditioning system for optimal climate control. The inclusion of a drive-thru adds significant convenience and potential for increased revenue streams. Previously operated as a Chinese/American restaurant, this versatile space is adaptable to a variety of culinary concepts. This turnkey operation eliminates the hassle and expense of extensive renovations, allowing the new owner to focus on establishing their business and maximizing its potential. The property is offered at $300,000. This is a rare opportunity to acquire a fully renovated, ready-to-operate restaurant with all the necessary equipment and infrastructure in place.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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.