488 E State Route 71, Oglesby, IL 61348
OFF MARKET

488 E State Route 71
Oglesby, IL 61348

  • Studio

$181,100

Trulia Estimate
as of Jun 6, 2026
Est. Refi. Payment $1,321/mo*
Refinance Your Home

$181,100

Trulia Estimate
as of Jun 6, 2026
Est. Refi. Payment $1,321/mo*
Refinance Your Home
Studio

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Location, location, location! An opportunity like this does not come around often! Now is your chance to own a restaurant/bar location that features a fully remodeled apartment in 2020 on the 2nd level, adjacent parking lot AND a fully remodeled (in 2020) and rented home right next door! 3 Parcels total. All equipment for the restaurant remains. Main floor features an oversized bar area (988 sq/ft) with separate entrance. Main dining room (900 sq/ft) with separate entrance. Full kitchen (779 sq/ft) with basement (1257 sq/ft) and lower level office access. Multiple walk-in coolers. 2nd floor 2 BR 1 full bath apartment (566 sq/ft) can be rented or utilized by the owner. Apartment features private exterior entrance with the ability to access the restaurant as well. Adjacent parking lot has abundant parking. Add in the currently rented home (888 sq/ft) which includes all appliances, has been remodeled, resided and more. What an opportunity to have income flowing from the rentals immediately while making the restaurant location YOURS. Located just 6 minutes from the ever so popular Starved Rock State Park and Lodge. Less than 1/4 mile from the Illinois River and with a combined traffic count of just under 10,000 cars daily, this location is prime.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Cooling only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 488 E State Route 71

Property Information

Year Built
Year Built: 1926
Property Type / Style
Property Type: Multi Family

Interior Features

Heating & Cooling
Air ConditioningCooling System: Central

Price History for 488 E State Route 71

DatePriceEventSource
11/14/2022$135,000Sold
N/A
12/09/2021ListingRemovedBHHS broker feed
12/08/2021$179,000Listed For SaleBHHS broker feed #11128793

Market trends in Oglesby

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
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Price per sq ft
—
Available listings
11
2MoM
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Comparable Sales for 488 E State Route 71

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
223 Oakwood Ave #A, Oglesby, IL
0.99
Multi-Family Home
$175,000
04/01/26
2
2
1,216
298 Sunset Blvd, Oglesby, IL
0.96
Multi-Family Home
$232,000
04/09/26
2
2
1,283
627 Hennepin St, La Salle, IL
1.98
Multi-Family Home
$100,000
06/18/25
5
2
-
42 2nd St, La Salle, IL
2.12
Multi-Family Home
$144,300
11/06/25
-
-
723 Joliet St, La Salle, IL
2.08
Multi-Family Home
$85,000
10/01/25
2
2
1,058
340 Chartres St, La Salle, IL
2.17
Multi-Family Home
$200,000
03/13/26
-
2,720
314 Peru St, Peru, IL
2.24
Multi-Family Home
$184,000
09/04/25
-
-
1125 15th St, La Salle, IL
2.43
Multi-Family Home
$260,000
08/14/25
6
6
-
1951 Saint Vincents Ave, La Salle, IL
2.82
Multi-Family Home
$190,000
12/01/25
6
4
-
1215 7th St, Peru, IL
2.96
Multi-Family Home
$95,000
10/03/25
-
2,472

Nearby homes

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Assigned Schools

These are the assigned schools for 488 E State Route 71.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Oglesby

At least 20 Trulia users voted on each feature.

  • 93 % Say yards are well-kept

  • 90 % Say parking is easy

  • 89 % Say it's dog friendly

  • 88 % Say there's holiday spirit

  • 88 % Say car is needed

  • 84 % Say streets are well-lit

  • 74 % Say kids play outside

  • 70 % Say it's quiet

  • 66 % Say people would walk alone at night

  • 64 % Say they plan to stay for at least 5 years

  • 56 % Say there's wildlife

  • 54 % Say it's walkable to restaurants

  • 54 % Say neighbors are friendly

  • 54 % Say there are sidewalks

  • 32 % Say it's walkable to grocery stores

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kylie
    "Downtown is within walking distance of pretty much all of the city. I’m not sure about public transit as I just moved here."
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  • Jon A. T.
    "Lived here for 3 years. Nice quiet community. Only time it ever gets crowded is during little league baseball games. Only downside is streets are narrow and people park on both sides from time to time. "
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  • Smittyjen5
    "lots of family dogs, very safe and responsible dog owners. great parks and trails. lots of open areas for safe play and exercise. "
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  • Mandy G.
    "The grade school is exceptional! Amazing teachers! students score high on state testing. "
    0
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Apartments for Rent

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Homes for sale near 488 E State Route 71

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Off Market Homes Near 488 E State Route 71

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Homes for rent near 488 E State Route 71

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488 E State Route 71, Oglesby, IL 61348 is a studio multi-family built in 1926. This property is not currently available for sale. 488 E State Route 71 was last sold on Nov 14, 2022 for $135,000. The current Trulia Estimate for 488 E State Route 71 is $181,100.