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    700 Central Ave Roxana, IL 62084

    For Sale
    $50,000

    Business - Roxana, IL

    Type:Business
    Lot size:
    0.50 Acres
    Days on Market:
    226
    Last Refresh:
    Dec 10 at 5:06 am

    Property Features for 700 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    19-2-08-34-12-201-022
    Lot size
    0.50 Acres

    Building Details

    Architectural style
    Other

    Tarrant & Harman Real Estate and Auction Co. (618) 433-9436 [email protected]

    Listing agent Duane Vancil (618) 433-9436 License #475.191836

    Listing date Apr 29, 2025

    MLS# 25020221 Listing URL

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

    Overview

    Roxana, IL Business Development Site

    This approximately half-acre site, spanning two parcels and including an abandoned city alleyway, presents an excellent opportunity for business development. Formerly the location of the Dee-Lux Diner, the site has been cleared, the asbestos remediated, and filled with layered compacted gravel. Electric service is currently active at the rear pole, and gas and water lines are ready to tap. The property is conveniently located off IL Hwy 111, which sees a daily traffic count of 7300 vehicles. Its location in an industrial area, near companies employing thousands, makes it ideal for catering or delivery services. Roxana High School is also nearby. The Village of Roxana is open to working with business developers and will coordinate with IDOT. The property benefits from a corner location within the industrial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Roxana
    County
    Madison
    State
    Illinois
    Longitude
    -90.079179
    Latitude
    38.843422

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    FAQs

    What type of property is this?
    Commercial land - Half-acre site ready for development near IL Hwy 111.
    Where is this commercial land located?
    The property is located at 700 Central Ave Roxana, IL.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Ready for immediate business development with razed building, asbestos remediation, and compacted gravel fill completed.; - High-traffic location (7300 vehicles daily) off IL Hwy 111, ideal for catering/delivery services.; - Located in an industrial area with a large employee base, creating immediate customer potential.
    (618) 433-9436
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    Roxana, IL 62084
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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
    700 Central Ave Roxana, IL 62084
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