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    400 S Broadway Goreville, IL 62939

    For Sale
    $340,000

    Commercial - Goreville, IL

    Property size:
    5,760 SF
    Lot size:
    0.25 Acres
    Days on Market:
    201
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 400 S Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    commercial
    APN
    01-22-205-001
    Size
    5,760 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Number of units
    8
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    Property with TLC, LLC (618) 727-2270 [email protected]

    Listing agent Teresa Camarato (618) 988-1739 License #471001948

    Listing date May 29, 2025

    MLS# EB451220 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

    Goreville Mixed-Use Investment Opportunity

    This mixed-use property in Goreville, Illinois, features a large open area, an office space, and a downstairs apartment. The upper level contains four apartments, including two one-bedroom units and two two-bedroom units. The building has a total living area of 5760 square feet and is situated on a 0.25-acre lot. The property is zoned for commercial use.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Goreville
    County
    Johnson
    State
    Illinois
    Longitude
    -88.972378
    Latitude
    37.552471

    Nearby Similar for Sale

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      Goreville Commercial Building - Great Potential

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    FAQs

    What type of property is this?
    Apartment building - Mixed-use property with apartments and commercial space in Goreville, IL.
    Where is this apartment building located?
    The property is located at 400 S Broadway Goreville, IL.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - Multiple Income-Generating Units: Features a mix of apartment sizes, offering diverse rental income streams.; - Large Space with Office: Includes a large open area and a separate office space.; - Relatively New Construction: Built in 2007.
    (618) 988-1739
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    400 S Broadway Goreville, IL 62939
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    Goreville, IL 62939
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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
    400 S Broadway Goreville, IL 62939
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