Property profile

679 Old National Trl Pocahontas, IL 62275

OFF-MARKET
Commercial real estate
Property ID
US28-3189707
2,258 SF 2 ac lot Built 1900
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property presents an unparalleled opportunity for a savvy investor. Located at 679 Old National Trail in Pocahontas, Illinois, this established restaurant boasts 2,388 square feet of well-maintained space, conveniently situated approximately 30 minutes from St. Louis. The property includes a spacious bar area and a generous dining room with seating for 55 patrons. A significant advantage is the potential to obtain a gambling license and reactivate the existing space previously dedicated to adult gaming. The sale includes all essential commercial kitchen equipment, such as a commercial-grade stove, oven, fryers, broiler, a large walk-in cooler, a four-tap kegerator, and an 80-inch bottle cooler. The property sits on two acres of idyllic countryside, offering ample room for expansion, the addition of outdoor seating, or the development of complementary businesses. Recent improvements include a new foam roof and gutters, installed in September 2024, ensuring long-term cost savings and peace of mind. This turnkey operation is ready for a new owner to step in and capitalize on its existing success and significant growth potential. The asking price for this remarkable property is $350,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 2,258 SF
Lot 2 ac (87,120 SF)
APN 08-09-35-203-000
UPID US28-3189707

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

Location

679 Old National Trl Pocahontas, IL 62275-3447
Pocahontas metro Census 951400 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

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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