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    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:
    338
    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

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    Nearby Similar for Sale

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    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
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    Roanoke, IL 61561
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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
    106 Davison St Roanoke, IL 61561
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