300 Main StJacksonville, IL 62650

  • Commercial real estate
  • 0.45 AC
For Sale
$89,900 View listing

Property Details for 300 Main St

Lot size
0.45 AC
Property type
Commercial real estate
APN
09-21-103-002
APU
921103002

Description

This exceptional commercial property, located at 300 N Main Street in the heart of Jacksonville, IL, presents a unique investment opportunity. Priced at $89,900, this property boasts a total of 476 square feet of space, distributed across two separate, interconnected buildings. The buildings share a common basement, offering intriguing potential for expansion or unique business configurations. A significant advantage is the expansive parking area, providing ample space for customers and employees. The property's history includes three former teller lanes, suggesting a previous use as a financial institution, making it ideally suited for a bank seeking a new drive-through location or a similar business. Its prime location, just one block from the revitalized downtown area, ensures high visibility and accessibility. This is an excellent opportunity for a new business seeking a well-situated space with existing infrastructure or an established business looking to expand its footprint in a thriving downtown setting. The property's unique features and central location make it a compelling investment prospect. The asking price reflects a recent price reduction, making this an even more attractive opportunity for discerning buyers. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,002,762
    Hospitality
    $5,498,497
    Educational
    $4,574,685
    Medical
    $4,732,016
    Retail
    $7,116,176

Location Insight

City
Jacksonville
County
Morgan
State
Illinois
Latitude
39.7363
Longitude
-90.2287
CBSA code
27300
CBSA name
JACKSONVILLE, IL MICROPOLITAN 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
2022
$2,589
$6,540
$32,250
$38,790
-
$19,620
$96,750
$116,370

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