17644 Us Highway 54Atlas, IL 62370

Property Details for 17644 Us Highway 54

Year built

1860

Lot size

0.10 AC

Property size (Sq ft)

3,867 SF

Property type

Turn key restaurants

APN

6506204

APU

6506204

Description

This exceptional commercial property, located at 17644 US HWY 54 in Rockport, Illinois (zip code 62370), presents a unique investment opportunity. Priced at $269,000, this building boasts a wealth of recent upgrades, including a new roof, insulation, windows, water lines, electrical system, flooring, water heater, and water softener. Previously operating as a bar and restaurant, the property comes complete with all existing equipment, allowing for a smooth transition into business ownership. The building also includes a fully renovated two-bedroom apartment upstairs, offering versatile potential as living quarters or additional business space. The apartment features new windows. Adding to the property's appeal is a 12x30 foot insulated, heated, and cooled storage shed, perfect for inventory or operational expansion. Situated at a high-traffic intersection in Atlas, this property offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The property is ready for immediate occupancy. This is a rare opportunity to acquire a well-maintained, fully equipped commercial building with significant upside potential. Don't miss out on this chance to own a piece of Atlas's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,520,837

  6.5%

  $1,403,849

  7%

  $1,303,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $759,708

  Geo Method

  $759,708

• Alternative Use

  Use

  Valuation

  Residential

  $1,184,200

  Hospitality

  $1,084,720

  Educational

  $902,475

  Medical

  $933,512

  Retail

  $1,403,849

Location Insight

City

Rockport

County

Pike

State

Illinois

Latitude

39.5134

Longitude

-90.9686

Property Tax & Assessments

FAQs

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