607 State StJacksonville, IL 62650

  • Commercial real estate
  • 0.88 AC
For Sale
$299,000 View listing

Property Details for 607 State St

Lot size
0.88 AC
Property type
Commercial real estate
APN
09-21-206-016
APU
921206016

Description

This exceptional 11,570-square-foot commercial property at 607 E State Street C in Jacksonville, Illinois, presents a rare opportunity. Situated on a 1.9-acre lot, this historic building boasts a wealth of unique architectural details reflecting its rich past. Having served diverse businesses – from its origins as a transfer, shipping, and storage facility to more recent uses as boutiques, restaurants, and offices – this adaptable space offers immense potential. Significant recent renovations exceed $100,000, including a new roof and an ongoing remodel of the second floor, which adds over 4,000 square feet of living space, complete with four bedrooms and two full bathrooms. The property's prime location directly across from a popular Jacksonville restaurant ensures high visibility and foot traffic. Mixed zoning allows for a variety of commercial uses, making it ideal for entrepreneurs seeking a unique and established location. The building is being sold "as is," with inspections welcomed. Earnest money is made payable to West State Title. This is a truly remarkable opportunity to own a piece of Jacksonville's history and shape its future.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,738,794
    Hospitality
    $10,752,673
    Educational
    $8,946,097
    Medical
    $9,253,767
    Retail
    $13,916,151

Location Insight

City
Jacksonville
County
Morgan
State
Illinois
Latitude
39.7337
Longitude
-90.219
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
$5,165
$12,970
$41,240
$54,210
-
$38,910
$123,720
$162,630

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