Property summary
This exceptional 1.57-acre commercial property located at 107 S Lincoln Street in Smithton, Illinois, presents a unique investment opportunity. Previously utilized as a nursing home, the building is currently vacant, offering a blank canvas for a variety of redevelopment projects. The substantial lot size provides ample space for expansion or the addition of complementary structures. The Village of Smithton is actively engaged in facilitating the process for potential buyers seeking rezoning, demonstrating a commitment to supporting economic growth and development within the community. This presents a significant advantage for prospective investors looking to capitalize on the property's potential. The building's history as a nursing home suggests a robust infrastructure, potentially reducing initial renovation costs depending on the intended use. The property's location in Smithton offers access to local amenities and transportation networks, further enhancing its appeal. This is an ideal opportunity for entrepreneurs and developers seeking a prime location with the potential for significant return on investment. The asking price of $195,000 reflects the property's considerable potential and the collaborative approach offered by the Village of Smithton. Serious inquiries are encouraged to explore the possibilities of this remarkable property.
Property profile
VerifiedCap rate & NOI
Current use
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Home Health Care Service
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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