Property profile

712 Main St Mendota, IL 61342

OFF-MARKET
Commercial real estate
Property ID
US28-4481013
3,200 SF 0.03 ac lot Built 1856
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1856
Total area 3,200 SF
Lot 0.03 ac (1,307 SF)
APN 01-33-135-027
UPID US28-4481013

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
  • Photography Service (Bike/Boat/Book/etc) Store

Location

712 Main St Mendota, IL 61342-1626
Mendota metro Census 961900 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2025
Last sale
$100,000
1 recorded transaction
2025
$100,000

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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