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Property profile & analytics
OFF-MARKET
Commercial real estate

620 2nd St Breese, IL 62230-1652

6,989 SF 0.19 ac lot Built 1930
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US28-1943759
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction CONCRETE
Total area 6,989 SF
Lot 0.19 ac (8,233 SF)
Zoning code 51
APN 06-06-22-159-005
UPID US28-1943759
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
Current use
Occupant on record · Public records
  • Little Augie's Pizza Restaurant
  • Birth to Five Illinois Region 13 office Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jordan N Hunter · 2 yrs held
Jordan N Hunter
since 2024
Last sale
$120,000
3 recorded transactions
2024
Price N/A
2017
Price N/A
2016
$120,000
Zoning & alternative use
51 · Breese, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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