801 Sixth St - Storefront Retail/Residential FOR SALE


Mendota, IL 61342
$490,000 USD
815-780-7952
801 Sixth St, Mendota, IL for Sale
$490,000 USD
Storefront Retail/Residential - FOR SALE
1/36
null | Request Cap Rate

801 Sixth St
Mendota, IL 61342


OVERVIEW

Turnkey Pizzeria & Sports Bar with 3 Apartments in Historic Downtown Mendota. Prime mixed-use opportunity in the heart of Mendota's walkable historic district. This 3,700 sf established pizzeria and sports bar features a full kitchen, bar area, a large dining room, and huge patio on the east side of the building with great street visibility. A complete renovation of the main floor was completed in 2014 and 2021, as well as the upstairs apartments. All of the FFE are included in the sales price except for dishwasher unit. The kitchen features a walk-in cooler/freezer, Picard Spitfire 6 shelf pizza oven, prep areas with coolers, 6-burner gas stove, fryer, grill, convection oven, warming oven, misc. racks, cooking utensils and cookware, bakeware, dough roller, mixer, and more listed in the Documents. The bar area features 12+ seats at the bar plus additional high top seating and is completely separated from the dining room. The dining room is family friendly and offers both booth and table seating for hungry customers. Your wait staff will be happy to have their own prep area directly off of the kitchen with beverage service and POS as well. Upstairs are three updated apartments providing steady rental income of $2100/month. The apartments can be accessed from outside, or have a 2nd emergency egress through the dining area. There is a full basement with high ceilings and a street entrance that feature an office, additional storage and could be used for a separate lounge or club. Ideal for an owner-operator or investor seeking a vibrant downtown location surrounded by shops, events, and strong community traffic. This historic property was originally the old City Hall, Fire and Police Departments! The property is located within the Downtown TIF and eligible improvements may be covered under a facade grant. EM payable in certified funds to Coldwell Banker Real Estate Group. Property is FOR SALE or restaurant is FOR LEASE.

FOR SALE DETAILS

PRICE

$490,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1917

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Commercial

APN/PARCEL ID

01-33-309020

ASK ABOUT THIS PROPERTY

Leah EricksonColdwell Banker Commercial Real Estate GroupMore Info
815-780-7952

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Leah EricksonColdwell Banker Commercial Real Estate GroupMore Info
815-780-7952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.