For Sale
$1,250,000

200 Lewis Ave Oglesby, IL 61348

Two thriving Subway locations in Oglesby & Spring Valley.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents two single-tenant, 100% occupied Subway restaurants located in Oglesby and Spring Valley, Illinois. The portfolio boasts a combined 3,650 square feet of net rentable space situated on a total of 42,000 square feet of land. Each building is a single-story structure. The Oglesby location, at 200 N Lewis Ave, 61348, features a 1,350 square foot building and the Spring Valley location, at 812 W Dakota St, 61362, offers 2,300 square feet. Both properties benefit from ample parking, with 25 spaces total, and include drive-thrus. The portfolio commands a combined asking price of $1,250,000, representing a price per square foot of $342.47. The current Net Operating Income (NOI) is $173,042, yielding a strong 13.84% cap rate. This owner-user investment opportunity offers a Class B property with significant potential for future growth and strong cash flow. The portfolio is offered at 100% ownership, including both the property and the established Subway businesses. This is a rare chance to acquire a well-established, high-performing portfolio in a stable market.

Highlights

  • Two 100% occupied Subway restaurants in Oglesby and Spring Valley, IL.
  • 3,650 SF net rentable area on 42,000 SF of land.
  • Each building is single-story with drive-thrus and ample parking (25 spaces total).
  • Asking price: $1,250,000 ($342.47/SF).
  • Strong NOI of $173,042, yielding a 13.84% cap rate.

Property Details for 200 Lewis Ave

Property type
Retail properties
Square Feet
3,650 SF
Class
B
Buildings
2
Stories
1
Units
2

Location Insight

City
Oglesby
County
LaSalle
State
Illinois
Latitude
41.296804
Longitude
-89.0781398

FAQs

What type of property is this?
Retail property - Two thriving Subway locations in Oglesby & Spring Valley.
Where is the retail property located?
The property is located at 200 Lewis Ave Oglesby, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two 100% occupied Subway restaurants in Oglesby and Spring Valley, IL.; 3,650 SF net rentable area on 42,000 SF of land.; Each building is single-story with drive-thrus and ample parking (25 spaces total).
How can I contact the broker?
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200 Lewis Ave
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