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    118 1St St Girard, IL 62640

    For Sale
    $49,900

    Large brick building, 8 lots, needs repair.

    Property size:
    5,368 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a substantial 5,368 square foot brick commercial building situated on eight lots in Girard, Illinois, at 118 N 1st Street. The property includes a metal outbuilding, both of which require repairs, presenting a unique chance for renovation and redevelopment. The property's history includes operation as Girard Ready Mix, suggesting potential for similar uses or adaptation to various commercial ventures. The irregular lot shapes are clearly detailed in the attached county plat. This listing encompasses seven distinct parcel IDs: 07-000-230-01, 07-000-899-00, 07-000-897-00, 07-000-893-00, 07-000-894-00, and 07-000-892-00. The substantial size of the building and the multiple lots offer considerable flexibility for a variety of commercial uses. Given the need for repairs, this property is ideally suited for an investor seeking a project with significant upside potential. The location in Girard provides access to local amenities and infrastructure. Detailed property information and the county plat are available upon request. This is a rare opportunity to acquire a large commercial property with significant land holdings in a growing community. The asking price is $49,900.

    Property Features for 118 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,368 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Hair Salon Auto Repair Shop Pharmacy Accounting Firm Auto Parts Store Bar & Pub Grocery Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Girard
    County
    Macoupin
    State
    Illinois
    Longitude
    -89.77682
    Latitude
    39.44712

    Nearby Comparable

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      Girard, IL Commercial Investment Opportunity

      Large brick building, 8 lots, metal outbuilding. Needs repair.
      118 1St St, Girard, IL 62640
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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Large brick building, 8 lots, needs repair.
    Where is this commercial real estate located?
    The property is located at 118 1St St Girard, IL.
    What is the asking price?
    The asking price for this property is $49,900.
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    118 1St St Girard, IL 62640
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    Girard, IL 62640
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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
    118 1St St Girard, IL 62640
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