1630 Georgetown RdTilton, IL 61833

Property Details for 1630 Georgetown Rd

Lot size

0.87 AC

Property type

Commercial real estate

APN

23-20-300-003

APU

2320300003

Description

This exceptional 2,400 square foot office suite, located at 1630 Georgetown Rd in Tilton, Illinois, is available for lease. Situated in the Southgate Plaza, this Class B property offers a prime location with high visibility, boasting 22,100 AADT traffic counts on Georgetown Road. The suite is part of a larger 7,500 square foot building, constructed in 2001, and features a mix of private offices and open workspace, perfect for a variety of business needs. The space is divisible, with a minimum leasable area of 1,200 square feet and a maximum contiguous space of 2,400 square feet. Amenities include two restrooms and ample off-street parking with 20 total spaces available. Recent building improvements completed in the Fall of 2021 include a new HVAC system, roof, and exterior painting, ensuring a modern and well-maintained workspace. The property is zoned Commercial and has an APN of 23 20 300 003 in Vermilion County. Benefit from the strong surrounding retail presence, including neighboring tenants such as County Market, AutoZone, Monical's Pizza, Big R, Vermilion Chevrolet, and Burger King. This location offers easy access to Interstate 74 via State Route 1. The single-story building provides convenient access for all tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $13,802,900

  6.5%

  $12,741,100

  7%

  $11,831,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,936,080

  Geo Method

  $4,936,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $25,719,100

  Retail / Commercial

  $13,064,400

  Mixed-Use / Specialty

  $12,919,900

  Hospitality / Lodging

  $9,351,410

  Office

  $12,741,100

  Institutional / Educational

  $13,396,500

  Residential Income

  $15,673,900

  Multifamily

  $19,341,200

  Automotive / Energy

  $11,482,700

  Parking / Income-Based Land

  $4,059,280

  Restaurant / Food Service

  $6,510,740

  Healthcare / Senior Housing

  $13,349,500

Location Insight

City

Tilton

County

Vermilion

State

Illinois

Latitude

40.0942

Longitude

-87.6372

CBSA code

19180

CBSA name

DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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