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Executive Summary
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. FFE seen during a showing 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, 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 area for your 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 only, no leases except owner/user.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$73,200
|
$9.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$73,200
|
$9.89
|
| Taxes |
$5,600
|
$0.76
|
| Operating Expenses |
$5,500
|
$0.74
|
| Total Expenses |
$11,100
|
$1.50
|
| Net Operating Income |
$62,100
|
$8.39
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $73,200 |
| Annual Per SF | $9.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $73,200 |
| Annual Per SF | $9.89 |
| Taxes | |
|---|---|
| Annual | $5,600 |
| Annual Per SF | $0.76 |
| Operating Expenses | |
|---|---|
| Annual | $5,500 |
| Annual Per SF | $0.74 |
| Total Expenses | |
|---|---|
| Annual | $11,100 |
| Annual Per SF | $1.50 |
| Net Operating Income | |
|---|---|
| Annual | $62,100 |
| Annual Per SF | $8.39 |
Property Facts
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
7,400 SF
Building Class
C
Year Built
1917
Price
$445,000
Price Per SF
$60.14
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.17 AC
Zoning
Commercial - Commercial B-3
Parking
20 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Signage
- Air Conditioning
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-33-309020 | Total Assessment | $63,586 (2024) |
| Land Assessment | $2,795 (2024) | Annual Taxes | $5,600 ($0.76/SF) |
| Improvements Assessment | $60,791 (2024) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
01-33-309020
Land Assessment
$2,795 (2024)
Improvements Assessment
$60,791 (2024)
Total Assessment
$63,586 (2024)
Annual Taxes
$5,600 ($0.76/SF)
Tax Year
2026 Payable 2026
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