920 Peru StPrinceton, IL 61356

  • Commercial real estate
  • 0.34 AC
For Sale
$200,000 View listing

Property Details for 920 Peru St

Lot size
0.34 AC
Property type
Commercial real estate
APN
16-17-401-003
APU
1617401003

Description

This exceptional opportunity presents a fully operational restaurant and ice cream shop ideally situated in Princeton, Illinois. Located directly across from the Bureau County Fairgrounds at 920 W Peru Street, this 1,100 square foot property boasts a prime location with high visibility and significant foot traffic, particularly during the annual fair. The sale includes all existing equipment, as detailed in the attached inventory list, eliminating the need for costly initial investments. The building itself is ready for immediate operation, minimizing setup time and maximizing your return on investment. This turnkey business model allows you to focus on your business plan and customer service, rather than extensive renovations or equipment sourcing. The property represents a rare chance to acquire an established business with a proven track record in a desirable location. Its history as a local favorite within Bureau County offers immediate brand recognition and a built-in customer base. This is an unparalleled opportunity for an entrepreneur seeking to own and operate a thriving business in a vibrant community. The asking price is $200,000. Don't miss this chance to become your own boss and own a piece of Bureau County history.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,100,108
    Hospitality
    $2,839,683
    Educational
    $2,362,582
    Medical
    $2,443,836
    Retail
    $3,675,128

Location Insight

City
Princeton
County
Bureau
State
Illinois
Latitude
41.3713
Longitude
-89.4779
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
$3,452
$9,888
$32,838
$42,726
-
$29,664
$98,514
$128,178

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