For Sale
$310,000

115 Collins St Mendon, IL 62351

Thriving Restaurant, 3 Apartments, High Income

Overview

Added:
Feb 3
Days on market:
79
This exceptional commercial property located at 115 W Collins Street, Mendon, IL, presents a unique investment opportunity. The 8,574 square foot building sits on a 0.32-acre lot and is currently home to a successful restaurant and bar. The establishment features a spacious dining area perfect for large groups, a full-service wrap-around bar, and a dedicated game room ideal for entertainment and private events. Ample rear parking ensures convenient customer access. Adding to the property's income potential are three apartments, all currently occupied, providing a consistent rental stream. This turnkey operation offers a blend of established business and rental income, making it an attractive proposition for investors seeking a diversified portfolio. The asking price for this dynamic commercial property is $310,000. The property's prime location in the heart of Mendon, IL, ensures high visibility and accessibility for both the restaurant and apartment tenants. This is a rare chance to acquire a well-established, income-producing property with significant upside potential. The combination of a thriving restaurant and consistently occupied apartments makes this a truly compelling investment opportunity. Serious inquiries are encouraged.

Property Details for 115 Collins St

Property type
Commercial real estate
Square Feet
8,574 SF
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Mendon
County
Adams
State
Illinois
Latitude
40.08837
Longitude
-91.28438

FAQs

What type of property is this?
Commercial real estate - Thriving Restaurant, 3 Apartments, High Income
Where is the commercial real estate located?
The property is located at 115 Collins St Mendon, IL.
What is the asking price?
The asking price for this property is $310,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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115 Collins St
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