102 Main StSmithton, IL 62285

Property Details for 102 Main St

Year built

1950

Construction

WOOD

Lot size

0.69 AC

Property size (Sq ft)

2,680 SF

Property type

Commercial real estate

APN

13-33-0-200-014

APU

13330200014

Description

This exceptional mixed-use investment opportunity, located at 102 South Main Street in Smithton, Illinois, presents a compelling return on investment. The property, situated on a 0.31-acre lot and boasting 5,588 square feet, is a two-story building constructed in 1868 and renovated in 1950. Currently operating under B-1 zoning, it comprises five units: one commercial/office/retail space, two apartments (one 1-bedroom, one studio), and one single-family residence—all fully leased with long-term tenants, ensuring consistent cash flow. The building has undergone upgrades throughout its history. The asking price is $210,000, translating to a price per square foot of $37.58 and an attractive 8.60% cap rate, generating a net operating income (NOI) of $18,209. The property's APN is 13-33-.0-210-011. This fully leased investment property offers a stable income stream and significant potential for future appreciation, making it an ideal addition to any portfolio. The property's location in Smithton, IL (zip code 62285) provides convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $694,270

  6.5%

  $640,864

  7%

  $595,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $208,933

  Geo Method

  $208,933

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,259,080

  Retail / Commercial

  $646,167

  Mixed-Use / Specialty

  $644,269

  Hospitality / Lodging

  $473,208

  Office

  $640,864

  Institutional / Educational

  $669,926

  Residential Income

  $783,813

  Multifamily

  $937,814

  Automotive / Energy

  $574,222

  Parking / Income-Based Land

  $197,756

  Restaurant / Food Service

  $335,955

  Healthcare / Senior Housing

  $660,270

Location Insight

City

Smithton

County

St. Clair

State

Illinois

Latitude

38.4097

Longitude

-89.9915

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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