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    123 Main St Arcola, IL 61910

    Sponsored
    For Sale
    $55,000

    Downtown Arcola Investment Opportunity

    Property size:
    1,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional property at 123 E Main Street, Arcola, IL, presents a unique investment opportunity for savvy entrepreneurs. The 1,200 square foot building offers significant potential for a variety of commercial uses, making it ideal for a business owner seeking a prime location in the heart of Arcola. A key feature is the inclusion of an upper-level apartment, providing an additional income stream through rental opportunities. This apartment adds to the overall return on investment, making this property particularly attractive. The building's location on E Main Street ensures high visibility and accessibility for customers. This property is currently listed at $55,000. Note that the adjacent property at 125 E Main Street is also available and can be purchased as a bundled package for a negotiated price. This presents a rare chance to acquire a larger footprint in a desirable downtown location. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers. The property sits on a lot with no acreage. This is a fantastic opportunity to establish a thriving business and generate passive income simultaneously. Don't miss out on this chance to own a piece of Arcola's vibrant commercial landscape.

    Property Features for 123 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,200 SF

    Building Details

    Year Built
    1890
    Property Profile Location Intelligence

    Current Use by Public Records

    The Coyote Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Arcola
    County
    Douglas
    State
    Illinois
    Longitude
    -88.30701
    Latitude
    39.68455

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    Nearby Similar for Sale

    • $65,000
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      Arcola Commercial Property - Main St.

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Arcola Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 123 Main St Arcola, IL.
    What is the asking price?
    The asking price for this property is $55,000.
    (217) 253-2388
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    123 Main St Arcola, IL 61910
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    Arcola, IL 61910
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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
    123 Main St Arcola, IL 61910
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