Property summary
This exceptional mixed-use property, located at 712 Main St, Mendota, IL 61342, presents a unique investment opportunity. The property encompasses a thriving, consistently profitable restaurant and bar featuring a full traditional American menu, situated on a 3,200 sq ft lot. The 6,400 sq ft building, constructed in 1856 and completely remodeled in 2011, boasts a two-story design and is currently operating at 100% occupancy. The main level houses the well-established restaurant and bar, while the upper level comprises four income-generating apartments, adding to the property's overall profitability. The property includes two APNs: 0133135026 and 0133135027. Ten parking spaces are available for patrons and residents. The building is zoned B2 and offers a gross lease structure. The asking price is $395,000, translating to $61.72 per square foot. Current owners are available to provide training to ensure a smooth transition for the new owner. This turnkey operation offers immediate income potential and a strong foundation for continued success. The property is situated in LaSalle County and includes addresses 712-714 Main St. This is a rare opportunity to acquire a well-established and profitable business with significant upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Photography Service (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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