328 State StJacksonville, IL 62650

  • Commercial real estate
  • 0.07 AC
For Sale
$69,900 View listing

Property Details for 328 State St

Lot size
0.07 AC
Property type
Commercial real estate
APN
09-21-124-003
APU
921124003

Description

This 1710-square-foot commercial building is ideally situated on East State Street in Jacksonville, Illinois. Its prime location boasts high visibility, being adjacent to the KC Hall, across from Trinity Church and the Jacksonville Area Museum, and near the Jacksonville Area Convention and Visitors Bureau. The building features a large storefront window perfect for showcasing merchandise, a spacious main room measuring 65x18 feet, restrooms, and a small kitchen area. An added benefit is a 2-bedroom apartment on the upper level currently generating $450 in monthly rent. The full basement provides ample storage space. The property also includes a charming garden area with substantial hardscaping. The building's previous use included party bookings, presenting diverse possibilities for a new owner. The building has two HVAC units—one upstairs in the apartment and one in the basement for the main floor. Utilities are mostly separate, with the owner responsible for the main level's water bill. The upstairs appliances belong to the tenant, who requires 48-hour notice for showings. The zoning is B3—Business—Limited Business District. The roof age is unknown

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $933,702
    Hospitality
    $855,266
    Educational
    $711,571
    Medical
    $736,043
    Retail
    $1,106,888

Location Insight

City
Jacksonville
County
Morgan
State
Illinois
Latitude
39.7346
Longitude
-90.2257
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
$1,605
$1,740
$15,110
$16,850
-
$5,220
$45,330
$50,550

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