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    301 3Rd St London Mills, IL 61544

    For Sale
    $39,900

    Commercial - London Mills, IL

    Property size:
    864 SF
    Days on Market:
    259
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 301 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    03-02-03-102-003
    Size
    864 SF

    Building Details

    Flooring type
    Concrete
    Building materials
    Frame, Steel Siding
    Roof type
    Metal
    Architectural style
    Other

    Jim Maloof Realtor (309) 692-3900 [email protected]

    Listing agent Sherri Delost (309) 692-3900 License #475131938

    Listing date Mar 31, 2025

    MLS# PA1252769 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Location on Scenic Drive

    This commercial property is located in a prime location in the heart of the scenic drive in London Mills, Illinois. The property includes two lots, providing the opportunity to set up vendors for additional income. A pole barn is present on the property, partially open-aired and partially closed in, suitable for storage or vendors. The site is equipped with numerous electrical plug-ins. The location has been used for Giacabazi Donuts for many years. There are 24 additional spaces available. The sites are currently rented, with the sellers retaining the proceeds for this year. The property offers the opportunity to rent it out for the Spring and Fall Festivals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Auto Repair Shop Food Market Storage Facility Bar & Pub Pawn Shop Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    London Mills
    County
    Fulton
    State
    Illinois
    Longitude
    -106.366768
    Latitude
    42.842247

    FAQs

    What type of property is this?
    Storefront property - Commercial property in the heart of London Mills, Illinois.
    Where is this storefront property located?
    The property is located at 301 3Rd St London Mills, IL.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: - Prime location on Scenic Drive; - Includes two lots, offering income potential from vendors; - Pole barn provides storage or vendor space
    (309) 692-3900
    Request Owner's contact information
    301 3Rd St London Mills, IL 61544
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    London Mills, IL 61544
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 3Rd St London Mills, IL 61544
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