For Sale
$2,495,000

312 Main St St. Charles, IL 60174

High-cap rate, established tenant, downtown location.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 6,874 square foot, Class A restaurant located at 312 W Main St, St. Charles, IL 60174. The property boasts a strong 8.08% cap rate, generating a net operating income (NOI) of $201,495. Currently 100% occupied by a single tenant under a triple net (NNN) lease with five years remaining, this stabilized investment offers minimal owner responsibilities. The tenant, Shakou Restaurant Group, has operated successfully at this location since December 1, 2014, and maintains additional locations in the surrounding area. Built in 1940 and extensively renovated in 2014, the two-story building sits on a 5,881 square foot lot and includes two parking spaces. The property is zoned CBD-1 (Core Central Business District) and benefits from high visibility and accessibility in a prime downtown location. The asking price is $2,495,000, translating to $362.96 per square foot. The lease includes three rent bumps, providing future income growth potential. This is a rare opportunity to acquire a well-established, high-performing restaurant investment in a thriving Illinois community.

Highlights

  • 6,874 SF Class A restaurant in prime downtown St. Charles, IL.
  • 8.08% cap rate, $201,495 NOI, $2,495,000 asking price ($362.96/SF).
  • 100% occupied by Shakou Restaurant Group under a NNN lease with five+ years remaining and three rent bumps.
  • Minimal owner responsibilities; established tenant with strong local presence.

Property Details for 312 Main St

Property type
Retail properties, Restaurants
Square Feet
6,874 SF
Class
A
Year Built/Renovated
1940/2014
Buildings
1
Stories
2
Units
1

Location Insight

City
St. Charles
County
Kane
State
Illinois
Latitude
41.9133695
Longitude
-88.3172873

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FAQs

What type of property is this?
Retail property - High-cap rate, established tenant, downtown location.
Where is the retail property located?
The property is located at 312 Main St St. Charles, IL.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 6,874 SF Class A restaurant in prime downtown St. Charles, IL.; 8.08% cap rate, $201,495 NOI, $2,495,000 asking price ($362.96/SF).; 100% occupied by Shakou Restaurant Group under a NNN lease with five+ years remaining and three rent bumps.
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.
How do I access a private listing?
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Contacts

Mark Meskauskas
Mark Meskauskas
Scott Whisler
Scott Whisler
Visit Broker Website

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Useful Information

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Main St
St. Charles, IL 60174

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St. Charles, IL 60174

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

312 Main St
  • Mark Meskauskas
    Mark Meskauskas
  • Scott Whisler
    Scott Whisler
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