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    803 Broadway St Centralia, IL 62801

    Sponsored
    For Sale
    $119,900

    Two Units, High Visibility, Great Investment

    Property size:
    3,155 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 3,155 square foot commercial property at 803 E Broadway Street, Centralia, IL, presents a fantastic investment opportunity. Located on a corner lot at the intersection of Lincoln and Broadway, this high-traffic location ensures maximum visibility for your business. The property boasts two distinct commercial units, offering flexibility for a variety of uses. Occupy one unit and lease the other for supplemental income, or combine them into a single, expansive space by removing a shared wall. The rear unit is ideally suited for professional offices, featuring a waiting room, reception area, several exam rooms, a kitchenette, and a large office. The front unit provides ample space for either office or retail use, adapting to your specific business needs. The property's prime location across from a McDonald's guarantees significant foot traffic and brand recognition. A digital marketing sign is included in the sale, further enhancing your advertising potential. This property's visibility is unparalleled, even visible from the nearby railroad tracks. Don't miss this chance to own a thriving commercial property in a bustling Centralia location. The asking price is $119,900.

    Property Features for 803 Broadway St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,155 SF

    Building Details

    Year Built
    1964
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Centralia
    County
    Marion
    State
    Illinois
    Longitude
    -89.12505
    Latitude
    38.52593

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    FAQs

    What type of property is this?
    Commercial real estate - Two Units, High Visibility, Great Investment
    Where is this commercial real estate located?
    The property is located at 803 Broadway St Centralia, IL.
    What is the asking price?
    The asking price for this property is $119,900.
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    803 Broadway St Centralia, IL 62801
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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
    803 Broadway St Centralia, IL 62801
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