200 Lewis AveOglesby, IL 61348

Property Details for 200 Lewis Ave

Year built

1996

Lot size

0.25 AC

Property size (Sq ft)

1,518 SF

Property type

Commercial real estate

APN

18-26-300-007

APU

1826300007

Description

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.

Location Insight

City

Oglesby

County

Lasalle

State

Illinois

Latitude

41.2967

Longitude

-89.0781

CBSA code

36837

CBSA name

OTTAWA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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