620 2nd St Breese, IL 62230-1652
This versatile Breese, IL commercial property at 620 N 2nd Street offers a wealth of possibilities for the savvy investor. Situated on a 0.19-acre lot, the building presents a unique opportunity for various uses. Currently, the upper level functions as a month-to-month rental apartment, providing immediate income. A portion of the ground floor is also leased month-to-month to a salon, generating additional monthly revenue to help offset mortgage payments. The main level is ideally suited for conversion into apartments, retail space, or an office building, offering significant flexibility. The property's previous use as a restaurant is readily apparent, with a recently updated cocktail/bar area. This feature makes it an excellent candidate for a new restaurant venture, with the option of purchasing existing restaurant equipment at a negotiated price. The building boasts three air conditioning units and a roof that was replaced in 2024, ensuring efficient climate control and minimal maintenance concerns. Showings require advance notice. Priced at $310,000, this property represents a compelling investment opportunity with strong income potential and adaptable space.
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Little Augie's Pizza Restaurant
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Birth to Five Illinois Region 13 office Association Or Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
51 · Breese, ILBreese. Always verify with local authorities before improvements.
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.