204 7Th StMetropolis, IL 62960

For Sale
$84,900 View listing
  • Commercial real estate
  • 2,100 SF

Property Details for 204 7Th St

Year built
1950
Lot size
0.06 AC
Property size (Sq ft)
2,100 SF
Property type
Commercial real estate
APN
08-02-448-005
APU
802448005

Description

This 2,100 square foot commercial building located at 204 W 7th Street in Metropolis, Illinois, presents a fantastic opportunity for entrepreneurs. Previously operating as a bar and grill, the property boasts significant potential for a variety of uses, including retail or restaurant ventures. The sale includes all existing inventory, providing a substantial head start for a new business owner. This turnkey opportunity eliminates the need for significant upfront investment in equipment and furnishings. The included inventory encompasses tables and chairs, coolers, a grill, and additional items, ready for immediate use. The building's prime location in Metropolis offers excellent visibility and accessibility, ensuring a strong foundation for success. This is an exceptional chance to acquire a well-situated commercial space with existing infrastructure and inventory, minimizing start-up costs and maximizing potential returns. The property is offered at a highly competitive price of $79,900. Serious inquiries are encouraged to schedule a private viewing and explore the possibilities this property offers. The building sits on a 0-acre lot.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $549,433
    Hospitality
    $503,278
    Educational
    $418,721
    Medical
    $433,122
    Retail
    $651,344
204 7Th St, Metropolis, Illinois

Location Insight

City
Metropolis
County
Massac
State
Illinois
Latitude
37.1536
Longitude
-88.7321
CBSA code
37140
CBSA name
PADUCAH, KY-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
2021
$1,068
$2,720
$16,280
$19,000
-
-
-
$57,006

FAQs

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