306 Westgate AveJacksonville, IL 62650

  • Other commercial real estate
  • 0.46 AC
For Sale
$425,000 View listing

Property Details for 306 Westgate Ave

Lot size
0.46 AC
Property type
Other commercial real estate
APN
09-18-303-002
APU
918303002

Description

This exceptional 4,377 square foot brick commercial building presents a compelling investment opportunity in a high-traffic area of Jacksonville, Illinois. Situated on Westgate Avenue, the property boasts excellent visibility and accessibility. The building is divided into two distinct units, offering flexibility for a variety of uses. The larger unit, currently vacant, encompasses over 3,000 square feet and features an attached garage, a half-bath, and dedicated office space, providing ample room for customization to suit a wide range of business needs. The possibilities are truly endless for this expansive space. The smaller unit, measuring approximately 1,200 square feet, is currently leased, generating consistent rental income. The property also includes a convenient parking lot, ensuring ample space for customers and employees. The building is well-maintained, reflecting a clear commitment to quality and pride of ownership. The seller is open to exploring creative financing or leasing options, making this an even more attractive proposition for prospective buyers. This is a rare opportunity to acquire a substantial commercial property in a prime location with significant upside potential. Don't miss out on this chance to own a piece of Jacksonville's thriving commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,136,278
    Hospitality
    $5,620,798
    Educational
    $4,676,438
    Medical
    $4,837,268
    Retail
    $7,274,459
306 Westgate Ave, Jacksonville, Illinois

Location Insight

City
Jacksonville
County
Morgan
State
Illinois
Latitude
39.74
Longitude
-90.2613
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
$12,749
$18,070
$115,740
$133,810
-
$54,210
$347,220
$401,430

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