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    OFF-MARKET
    Commercial real estate

    679 Old National Trl, Pocahontas, IL 62275-3447

    2,258 SF 2 ac lot Built 1900
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US28-3189707
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nuby's Steakhouse Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    RICK L RICHARDSON
    RICK L RICHARDSON
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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