526 Railroad AveBlue Mound, IL 62513

  • Commercial real estate
  • 2.25 AC
For Sale
$150,000 View listing

Property Details for 526 Railroad Ave

Lot size
2.25 AC
Zone code
MUNICIPAL
Property type
Commercial real estate
APN
15-15-32-304-004
APU
151532304004

Description

This exceptional commercial property, located at 526 N Railroad Ave, Blue Mound, IL 62513, presents a unique investment opportunity. The 2.25-acre lot boasts a 3,884 square foot building, strategically situated on Illinois Route 48, experiencing over 5,000 vehicles daily. The property features a 2-story structure built in 1959, zoned COM, with a total of one building. The main structure includes nearly 2,000 square feet of heated shop space, accessible via two drive-in doors, and offers 8-foot ceiling clearance. Additionally, there are small sales offices equipped with single-user restrooms. A significant advantage is the inclusion of a remodeled residential unit, complete with a kitchen, full bathroom, living room, and bedrooms on both the main floor and upper level. The partially wooded lot provides privacy and abuts farm ground. This versatile property is ideal for a variety of uses, including a woodworking business, mechanic shop, car lot, or other small business, or redevelopment. The asking price is $150,000. The property's parcel number (APN) is 15-15-32-304-004. This is a rare opportunity to acquire a high-visibility commercial property with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $29,129,028
    Hospitality
    $26,682,034
    Educational
    $22,199,138
    Medical
    $22,962,602
    Retail
    $34,531,992

Location Insight

City
Blue Mound
County
Macon
State
Illinois
Latitude
39.704
Longitude
-89.119
CBSA code
19500
CBSA name
DECATUR, IL METROPOLITAN 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
$1,811
$6,879
$24,843
$31,722
-
$20,639
$74,536
$95,175

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