Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    416 Main St Greenfield, IL 62044

    Sponsored
    For Sale
    Contact for pricing

    Prime Greenfield location, triple unit potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a rare chance to own a triple-unit commercial property in the heart of Greenfield, Illinois' revitalization project. Situated on a 0.08-acre lot at 416 Main Street, this property offers significant potential for immediate and long-term returns. The building features three distinct units, offering flexibility for a variety of uses. The lower level comprises two interconnected units, each boasting a spacious dining room and sharing a convenient kitchen area. This setup is ideal for businesses requiring shared amenities or for a single entity seeking expansive space. The upper level provides a substantial six-room residence, complete with a living room, dining room, bedroom, eat-in kitchen, full bathroom, and a bonus room. This versatile upper unit could serve as owner-occupied space, additional rental income, or even be converted for a different commercial purpose. The property's location within the Greenfield Revitalization Project promises significant future growth and increased property value, making this a truly compelling investment at an attractive price point of $26,000. The square footage is not currently available, but the substantial size and layout of the units offer ample space for various commercial ventures. Don't miss this chance to be a part of Greenfield's exciting future.

    Property Features for 416 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,485 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Greene-IL
    State
    Illinois
    Longitude
    -90.21053
    Latitude
    39.34388

    Nearby Comparable

    • $425,000
      31.37 Acres

      31 Acres of Tillable Land

      31+/- acre tract of tillable land in Athensville, IL.
      See Aerial Map, Athensville, IL 62082
      View Details
    • $55,000
      0.08 Acres

      Commercial Lot Near Public Square

      Vacant commercial lot near Highway 67 and local businesses.
      419 S 5Th St, Carrollton, IL 62016
      View Details
    • $85,000
      0.17 Acres

      Historic Carrollton Commercial Building

      Prime Location, Two-Building Opportunity
      531 Main St, Carrollton, IL 62016
      View Details
    • $150,000

      Commercial Building with Income Potential

      Mixed-use property featuring apartments and retail space in Carrollton, IL.
      326 6Th St, Carrollton, IL 62016
      View Details
    • $1,230,499
      10,640 SF

      601 Main St

      Individual retail properties • 10,640 SF
      601 Main St, Carrollton, IL 62016
      View Details
    • $759,000
      14,000 SF

      Carrollton Multifamily Investment Opportunity

      16-unit multifamily property in excellent condition with long-term tenants.
      818 S 6Th St, Carrollton, IL 62010
      View Details
    • $80,000
      7,775 SF

      Versatile Historic Building in White Hall

      Spacious commercial building with showroom and office space for sale.
      124 N Main St, White Hall, IL 62092
      View Details
    • $1,250,000
      10,640 SF

      Freestanding Building with Lease in Place

      10,640 SF NNN property with an existing lease.
      252 N Main St, White Hall, IL 62092
      View Details
    • $1,288,000
      10,640 SF

      Dollar General Retail Investment

      High-yield Illinois convenience store.
      252 Main St, White Hall, IL 62092
      View Details
    • $79,000
      2,926 SF

      Former Church Building in Roodhouse

      Commercial property in downtown Roodhouse, Illinois, formerly a church.
      114 West Palm St, Roodhouse, IL 62082
      View Details
    • $622,860
      74.15 Acres

      Income-Producing Acreage in Greene County

      74.15 acres of income-producing land near White Hall, Illinois.
      Rte 267, Roodhouse, IL 62082
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Greenfield location, triple unit potential.
    Where is this commercial real estate located?
    The property is located at 416 Main St Greenfield, IL.
    What is the asking price?
    The asking price for this property is $26,000.
    433-9436
    Request Owner's contact information
    416 Main St Greenfield, IL 62044
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    416 Main St
    Greenfield, IL 62044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    416 Main St Greenfield, IL 62044
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.