71 2nd St, Hume, IL 61932-7255
This exceptional 2,100-square-foot mixed-use building, constructed in 2013, presents a lucrative investment opportunity in the thriving town of Hume, Illinois. Located at 71 W 2nd Street, the property boasts a custom design perfectly suited for a variety of commercial ventures. The building currently operates as a leased establishment, generating consistent rental income. The interior layout is highly functional, featuring two distinct serving areas, ideal for food service or retail operations. Two well-appointed bathrooms cater to both staff and customers. A fully equipped commercial kitchen is a significant asset, complete with four large commercial freezer/refrigerator storage units, ensuring ample capacity for food storage and preparation. Beyond the main commercial space, the building includes dedicated office areas and substantial dry storage space, providing versatility and adaptability to various business needs. The property sits on a lot with no acreage, making it easily manageable and low-maintenance. The asking price of $197,500 represents an excellent value for a turnkey commercial property in a desirable location. This is a rare opportunity to acquire a well-established, income-producing asset with significant potential for future growth and expansion. The current tenant, Twisted Piston, demonstrates the building's suitability for a thriving business. This property is ready for immediate occupancy and income generation.
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
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.