712 Main St, Mendota, IL 61342-1626
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.
-
Leo's Studio Photographers Photography Service (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.