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8540 Thompsonville Rd Thompsonville, IL 62890-2506

OFF-MARKET Commercial real estate Google Maps
5 ac lot
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$250k
Range $225k – $275k (±10%)
Property ID US28-2614206

Property summary

AI-generated overview

This exceptional 2,500 square foot commercial property, situated on a spacious 5-acre lot at 8540 N Thompsonville Road in Thompsonville, Illinois, presents a unique investment opportunity. Currently operating as a thriving combination restaurant, convenience store, and gaming establishment, this versatile property offers significant potential for continued success under existing operations or creative adaptation to suit a variety of commercial ventures. The substantial building, a 50x50 pole barn, is equipped with a comprehensive array of commercial-grade kitchen equipment, including a pizza oven, commercial gas range, gas grill, food warmer, pizza warmer, prep table, fryer, an outdoor fish fryer with a triple basket, 3-door freezer, cold case, beer case, soda cooler, and a 1000 lb ice maker. A 13-door cooler and a 4-door cooler provide ample cold storage. Included in the sale is a storage shed. The existing liquor and gaming licenses will transfer to the new owner, subject to specific stipulations. The sale includes almost all existing contents. This turnkey operation offers immediate income potential and the flexibility to tailor the space to your specific business needs. The expansive 5-acre lot provides ample room for expansion, outdoor seating, or additional development. This property represents a rare opportunity to acquire a well-established business with significant upside potential in a desirable location. The property's size, existing infrastructure, and included equipment make it an attractive proposition for a wide range of commercial enterprises.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 5 ac (217,800 SF)
APN 922300020
UPID US28-2614206

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
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

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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