907 Main StJacksonville, IL 62650
- Commercial real estate
- 1.23 AC
Property Details for 907 Main St
- Lot size
- 1.23 AC
- Property type
- Commercial real estate
- APN
- 09-20-419-008
- APU
- 920419008
Description
This exceptional mixed-use property presents a compelling investment opportunity in Jacksonville, Illinois. Located on a sizable 1.23-acre lot at the convenient intersection of Main and Morton Streets, this offering comprises two buildings totaling 3,500 square feet. The property is priced at $290,000, translating to an attractive price per square foot of $82.86. One building is a smaller office space, approximately 450 square feet, while the second building is a larger garage/shop space, measuring approximately 3,096 square feet. The property is held in trust ownership and offers flexibility for the new owner. Current tenants are in place, providing immediate income potential, or the property could be repositioned to suit the new owner's vision. The strategic location and versatile building configuration make this an ideal investment for a variety of uses, from continued rental income to redevelopment. The property's size and location in Jacksonville, IL, offer significant potential for growth and return on investment. The address is 907-909 S Main, Jacksonville, IL 62650. This is a single-story property with two buildings. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $16,245,900
- 6.5%
- $14,996,200
- 7%
- $13,925,000
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,177,020
- Geo Method
- $4,177,020
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $29,750,700
- Retail / Commercial
- $15,211,700
- Mixed-Use / Specialty
- $15,122,500
- Hospitality / Lodging
- $11,049,300
- Office
- $14,996,200
- Institutional / Educational
- $15,708,800
- Residential Income
- $18,379,300
- Multifamily
- $22,236,900
- Automotive / Energy
- $13,464,700
- Parking / Income-Based Land
- $4,681,030
- Restaurant / Food Service
- $7,790,690
- Healthcare / Senior Housing
- $15,543,700
Location Insight
- City
- Jacksonville
- County
- Morgan
- State
- Illinois
- Latitude
- 39.7242
- Longitude
- -90.23
- CBSA code
- 27300
- CBSA name
- JACKSONVILLE, IL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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