For Sale
$170,000

1102 Main St West Frankfort, IL 62896

Prime Retail & Gas Station Site, Redevelopment Potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional commercial property, located at 1102 West Main Street in West Frankfort, Illinois, presents a significant redevelopment opportunity. The 0.55-acre lot encompasses a 1,522 square foot building, previously used as a convenience store and gas station, featuring a canopy. The property boasts a prime location on IL Route 149 (West Main Street), near the southeast quadrant of the I-57 interchange, ensuring high visibility and accessibility. Built in 1990 and renovated in 1990, the single-story structure sits on a 24,000 square foot lot, offering ample space for various commercial ventures. The asking price is $170,000, translating to a land value of $7.08 per square foot. The property is zoned for commercial use and benefits from its location within a Tax Increment Financing (TIF) district and Enterprise Zone, providing potential tax advantages. Parcel numbers are 11-24-329-001 and 11-24-329-002. This property is ideal for entrepreneurs seeking a high-traffic location for commercial redevelopment in a thriving area. The property's strategic positioning near the I-57 interchange makes it an attractive investment for businesses seeking maximum exposure and convenient access for customers. The existing building provides a solid foundation for a variety of commercial uses, offering significant potential for return on investment.

Highlights

  • Former gas station and convenience store on a 24,000 sq ft lot.
  • High-visibility location on IL Route 149 near the I-57 interchange.
  • Located in a Tax Increment Financing (TIF) district and Enterprise Zone.
  • Ideal for redevelopment.

Property Details for 1102 Main St

Property type
Retail properties, Land
Square Feet
1,522 SF
Year Renovated
1990
Stories
1
Lot Size (sq. ft)
23,958 SF

Location Insight

City
West Frankfort
County
Franklin
State
Illinois
Latitude
37.8976004
Longitude
-88.9409563

FAQs

What type of property is this?
Retail property - Prime Retail & Gas Station Site, Redevelopment Potential
Where is the retail property located?
The property is located at 1102 Main St West Frankfort, IL.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Former gas station and convenience store on a 24,000 sq ft lot.; High-visibility location on IL Route 149 near the I-57 interchange.; Located in a Tax Increment Financing (TIF) district and Enterprise Zone.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1102 Main St
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