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    OFF-MARKET
    Commercial real estate

    71 2nd St, Hume, IL 61932-7255

    0.35 ac lot
    Individually Owned 12-yr Hold Free & Clear
    Property ID
    US28-3980516
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.35 ac (15,260 SF)
    APN 15-02-31-331-004
    UPID US28-3980516
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Michael S Eads · 12 yrs held
    Michael S Eads
    since 2013
    2 recorded transactions
    2013
    2013
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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