105 Ace RdPrinceton, IL 61356

  • Commercial real estate
  • 1.29 AC
For Lease
$15/SF/YR View listing

Property Details for 105 Ace Rd

Lot size
1.29 AC
Property type
Commercial real estate
APN
16-04-300-056
APU
1604300056

Description

This exceptional 3,500-square-foot retail or restaurant space is ideally situated at 105 Ace Rd, Princeton, IL 61356, in Bureau County. Built in 2000, this single-tenant building sits on a substantial 56,600-acre lot and boasts a convenient one-story layout. The property is zoned for commercial use and offers ample parking, making it highly accessible for customers. The interior features two restrooms and a large atrium area, providing versatile space for various business needs. Previously a fast-food restaurant, this location benefits from high visibility and traffic counts due to its proximity to major roadways, including I-80. Nearby establishments include Casey's General Store, Walmart, Culver's, and a large grocery store, ensuring a strong customer base. The lease rate is $15.00 per square foot, plus taxes, insurance, and maintenance. The entire 3,500 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for businesses seeking a prominent location with excellent visibility and convenient access.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,613,419
    Hospitality
    $10,637,830
    Educational
    $8,850,550
    Medical
    $9,154,933
    Retail
    $13,767,521

Location Insight

City
Princeton
County
Bureau
State
Illinois
Latitude
41.3958
Longitude
-89.4666
CBSA code
36837
CBSA name
OTTAWA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$27,474
$61,195
$278,903
$340,098
-
$183,585
$836,709
$1,020,294

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