1150 Linn StCanton, IL 61520

Property Details for 1150 Linn St

Lot size

4.77 AC

Property type

Office buildings

APN

09-08-35-400-005

APU

90835400005

Description

This exceptional commercial property in Canton, Illinois, presents a unique investment opportunity. Located at 1150 E Linn Street, the property encompasses approximately two acres of land and features two substantial buildings. The main structure measures 60 feet by 40 feet with a 16-foot ceiling height, boasting two 12-foot by 14-foot garage-style doors. This building is well-insulated and equipped with hanging gas heaters, providing efficient climate control. Attached to the main building is a second structure, 76 feet by 44 feet with a 12-foot ceiling height. A portion of this attached building (24 feet by 44 feet) requires repairs, while the remaining area currently serves as office and storage space. The property's strategic location on the edge of Canton offers excellent visibility and accessibility. The asking price for this versatile property is $60,000, making it an attractive proposition for a wide range of commercial ventures. The existing buildings offer immediate usability, while the ample land provides potential for expansion or future development. This is a rare opportunity to acquire a substantial commercial property in a desirable location at a competitive price. The property is zoned for commercial use and is ready for immediate occupancy. Don't miss this chance to own a piece of Canton's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $55,590,036

  6.5%

  $51,313,876

  7%

  $47,648,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,198,607

  Geo Method

  $16,198,607

• Alternative Use

  Use

  Valuation

  Residential

  $63,629,208

  Hospitality

  $58,284,012

  Educational

  $48,491,616

  Medical

  $50,159,316

  Retail

  $75,431,400

Location Insight

City

Canton

County

Fulton

State

Illinois

Latitude

40.5452

Longitude

-90.0189

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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