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    71 2Nd St Hume, IL 61932

    Sponsored
    For Sale
    $197,500

    Prime Hume location, custom-built, high-income potential.

    Property size:
    2,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,100-square-foot mixed-use building, constructed in 2013, presents a lucrative investment opportunity in the thriving town of Hume, Illinois. Located at 71 W 2nd Street, the property boasts a custom design perfectly suited for a variety of commercial ventures. The building currently operates as a leased establishment, generating consistent rental income. The interior layout is highly functional, featuring two distinct serving areas, ideal for food service or retail operations. Two well-appointed bathrooms cater to both staff and customers. A fully equipped commercial kitchen is a significant asset, complete with four large commercial freezer/refrigerator storage units, ensuring ample capacity for food storage and preparation. Beyond the main commercial space, the building includes dedicated office areas and substantial dry storage space, providing versatility and adaptability to various business needs. The property sits on a lot with no acreage, making it easily manageable and low-maintenance. The asking price of $197,500 represents an excellent value for a turnkey commercial property in a desirable location. This is a rare opportunity to acquire a well-established, income-producing asset with significant potential for future growth and expansion. The current tenant, Twisted Piston, demonstrates the building's suitability for a thriving business. This property is ready for immediate occupancy and income generation.

    Property Features for 71 2Nd St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,100 SF

    Building Details

    Year Built
    2013
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Auto Repair Shop Food Market Storage Facility Grocery Store Cafe & Coffee Shop Barber Shop Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Hume
    County
    Edgar
    State
    Illinois
    Longitude
    -87.8718
    Latitude
    39.79673

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Hume location, custom-built, high-income potential.
    Where is this mixed-use property located?
    The property is located at 71 2Nd St Hume, IL.
    What is the asking price?
    The asking price for this property is $197,500.
    (217) 253-6978
    Request Owner's contact information
    71 2Nd St Hume, IL 61932
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    Hume, IL 61932
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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
    71 2Nd St Hume, IL 61932
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