437 Poplar St Centralia, IL 62801
This exceptional commercial property located at 437 N Poplar Street in Centralia, Illinois, presents a fantastic opportunity for warehouse, storage, or other business uses. The property boasts a generous 0.36-acre corner lot providing ample parking for customers and employees. The main feature is a pair of versatile pole-framed metal-sided buildings, each measuring 3,200 square feet, totaling 6,400 square feet of usable space. Both buildings offer convenient access via sliding doors and feature durable concrete floors and a concrete drive. The property's Business B-4 zoning allows for a wide range of commercial activities. This presents a significant advantage for businesses seeking flexible and adaptable space. The buildings are well-suited for various storage or warehouse needs, offering substantial space for inventory, equipment, or operations. The strategic location and ample parking make this property highly attractive for businesses seeking visibility and convenient access. In addition to outright purchase at $49,900, the property is also available for lease at an annual gross rate of $2.50 per square foot. This presents a dual opportunity for potential buyers and tenants seeking a prime commercial location in Centralia.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.