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    219 Main St Heyworth, IL 61745

    For Sale
    $420,000

    Nine-unit building, great rental income.

    Property size:
    11,020 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a well-maintained, nine-unit multi-family building situated at 219 E Main Street in Heyworth, Illinois. The property boasts a total of 11,020 square feet on a 0.59-acre lot. Currently, nine of the ten units are occupied, generating strong rental income. The building is constructed of all brick and features unique unit layouts

    Property Features for 219 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,020 SF
    Lot Size
    25,700 SF

    Building Details

    Year Built
    1909
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Heyworth Eagle Apartments Apartment Complex

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Heyworth
    County
    McLean
    State
    Illinois
    Longitude
    -88.97484
    Latitude
    40.31404

    FAQs

    What type of property is this?
    Commercial real estate - Nine-unit building, great rental income.
    Where is this commercial real estate located?
    The property is located at 219 Main St Heyworth, IL.
    What is the asking price?
    The asking price for this property is $420,000.
    (309) 834-3400
    Request Owner's contact information
    219 Main St Heyworth, IL 61745
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    219 Main St
    Heyworth, IL 61745
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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
    219 Main St Heyworth, IL 61745
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