Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    106 Davison St Roanoke, IL 61561

    Sponsored
    For Sale
    $330,000

    Grocery Store, Turnkey, High Visibility

    Property size:
    7,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This 7,200 square foot commercial property, located at 106 W Davison Street in Roanoke, Illinois, presents a unique investment opportunity. Situated on Route 116 within Roanoke's corporate limits, this building boasts exceptional visibility, with the nearest intersection experiencing 4,600 cars per day. The property's recent use as a grocery store provides a turnkey operation, complete with all existing fixtures. This includes a fully equipped deli area with equipment, multiple walk-in coolers and freezers, a dedicated meat processing area, freestanding coolers, checkout lanes, and extensive retail shelving. The building is ready for immediate occupancy or adaptation to a variety of commercial uses. A significant advantage is the recently installed EDPM roof, ensuring long-term structural integrity and minimizing maintenance costs. The property sits on a 0-acre lot, offering convenient access and ample space for loading and unloading. The asking price of $330,000 represents a compelling value for a well-equipped, high-visibility commercial space in a thriving location. This property is ideal for an entrepreneur looking to establish a new business or an existing business seeking expansion. Its prime location and comprehensive equipment make it a truly exceptional opportunity.

    Property Features for 106 Davison St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Truck Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Woodford
    State
    Illinois
    Longitude
    -89.1976
    Latitude
    40.79621

    Nearby Comparable

    • $199,900

      Downtown Roanoke Mixed-Use Property

      Unique live-work property with storefront in downtown Roanoke.
      320 N Main St, Roanoke, IL 61561
      View Details
    • $95,000

      2.37 Acre Land Parcel

      2.37 acres with great visibility on main thoroughfare.
      200 N Main St, Roanoke, IL 61561
      View Details
    • $95,000
      2.37 Acres

      Prime Roanoke Commercial Land

      2.37 Acres, $95,000
      200 Main St, Roanoke, IL 61561
      View Details
    • $79,900
      1,820 SF

      Roanoke Commercial Building - Great Potential

      Versatile 1820 sq ft building, high visibility, Route 116.
      406 Court St, Roanoke, IL 61561
      View Details
    • $275,000
      5,048 SF

      Eureka Commercial Building - 5000+ sqft

      High-traffic corner lot, versatile space, low operating costs.
      105 Graham St, Eureka, IL 61530
      View Details

    Nearby Similar for Sale

    • $199,900

      Downtown Roanoke Mixed-Use Property

      Unique live-work property with storefront in downtown Roanoke.
      320 N Main St, Roanoke, IL 61561
      View Details
    • $79,900
      1,820 SF

      Roanoke Commercial Building - Great Potential

      Versatile 1820 sq ft building, high visibility, Route 116.
      406 Court St, Roanoke, IL 61561
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Grocery Store, Turnkey, High Visibility
    Where is this commercial real estate located?
    The property is located at 106 Davison St Roanoke, IL.
    What is the asking price?
    The asking price for this property is $330,000.
    Request Owner's contact information
    106 Davison St Roanoke, IL 61561
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    106 Davison St
    Roanoke, IL 61561
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    106 Davison St Roanoke, IL 61561
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.