1245 Bluff StMarseilles, IL 61341

  • Commercial real estate
  • 2,292 SF
For Sale
$250,000 View listing

Property Details for 1245 Bluff St

Year built
1956
Lot size
0.31 AC
Property size (Sq ft)
2,292 SF
Property type
Commercial real estate
APN
24-18-421-044
APU
2418421044

Description

This exceptional value-add investment opportunity presents a 2,500 square foot free-standing building situated on a 0.88-acre lot at 1245 E Bluff Street in Marseilles, Illinois, zip code 61341. The property is zoned for business and currently operates as a laundromat equipped with 20 washers and 20 dryers, offering immediate income potential. The building's strategic location ensures high visibility and accessibility, making it an ideal prospect for various retail ventures. The expansive lot size provides ample space for expansion or future development. This property is located in the thriving Marseilles area of La Salle County, Illinois, presenting a compelling opportunity for investors seeking a promising commercial asset in a dynamic market. The asking price for this turnkey operation and land is $250,000. This is a rare chance to acquire a well-established business with significant upside potential in a desirable location. The property's existing infrastructure and prime location offer a strong foundation for immediate returns and long-term growth. Don't miss this chance to secure a valuable commercial property in a vibrant Illinois market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $473,697
    Hospitality
    $433,904
    Educational
    $361,003
    Medical
    $373,418
    Retail
    $561,560

Location Insight

City
Marseilles
County
Lasalle
State
Illinois
Latitude
41.3265
Longitude
-88.6879
CBSA code
36837
CBSA name
OTTAWA, IL MICROPOLITAN 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
$4,080
$5,900
$36,939
$42,839
-
$17,700
$110,817
$128,517

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