Technical
Financial
Distress signals
Property profile

620 2nd St Breese, IL 62230

OFF-MARKET
Other commercial real estate
Property ID
US28-1943759
6,989 SF 0.19 ac lot Built 1930
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A mixed-use building located in downtown Breese, Illinois, with a total living area of 5,167 square feet on a 0.1894-acre lot. The upstairs level is configured as an apartment, and part of the first floor is configured for commercial use with a separate salon space; both levels are arranged in a way that has supported month-to-month occupancy. A cocktail/bar area is included and was updated, and the building features a roof replacement completed in 2024 and three air-conditioning units. The property layout allows for multiple use possibilities, including restaurant use, apartment conversion of the main level, retail use, or office use, depending on tenanting and configuration.

Property profile

Verified
Property type Other 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

Current use

Occupant on record · Public records
  • Restaurant
  • Association Or Organization

Location

620 2nd St Breese, IL 62230-1652
Breese metro Census 900300 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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