307 Railroad AveBlue Mound, IL 62513

  • Commercial real estate
  • 0.09 AC
For Sale
$85,000 View listing

Property Details for 307 Railroad Ave

Lot size
0.09 AC
Zone code
MUNICIPAL
Property type
Commercial real estate
APN
15-15-31-483-004
APU
151531483004

Description

This exceptional Class A restaurant property in Blue Mound, Illinois presents a unique investment opportunity. Located at 307 N Railroad Ave, this 960-square-foot building sits on a 0.25-acre corner lot, enjoying high visibility on the busy IL RT 48, boasting over 4,700 vehicles daily. Built in 2015, the property is zoned COM and features a functional layout ideal for a food service or gaming establishment. The interior includes existing kitchen infrastructure, such as sinks and a grease trap, along with ADA-compliant restrooms, ensuring immediate operational readiness. The asking price is $85,000, translating to $88.54 per square foot. This turnkey operation is ready for a new owner to step in and capitalize on its prime location and existing infrastructure. The property's APN is 15-15-31-483-004, and its single-story building is situated in Macon County, Illinois, zip code 62513. This is a rare chance to acquire a well-established business space in a thriving community. The property's strategic location and existing features make it an attractive investment for both seasoned entrepreneurs and first-time business owners. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,188,820
    Hospitality
    $1,088,952
    Educational
    $905,996
    Medical
    $937,154
    Retail
    $1,409,326

Location Insight

City
Blue Mound
County
Macon
State
Illinois
Latitude
39.7011
Longitude
-89.1233
CBSA code
19500
CBSA name
DECATUR, IL METROPOLITAN 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
2023
$1,799
$1,669
$18,917
$20,586
-
$5,008
$56,757
$61,765

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