312 Main StSt. Charles, IL 60174

Property Details for 312 Main St

Year built

1960

Lot size

0.13 AC

Property size (Sq ft)

3,762 SF

Property type

Commercial real estate

APN

09-27-361-026

APU

927361026

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $777,507

  Hospitality

  $712,192

  Educational

  $592,536

  Medical

  $612,914

  Retail

  $921,722

Location Insight

City

St Charles

County

Kane

State

Illinois

Latitude

41.9134

Longitude

-88.3173

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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