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    607 State St Jacksonville, IL 62650

    Sponsored
    For Sale
    $299,000

    Historic building, 11,570 sq ft, mixed zoning.

    Property size:
    11,570 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 11,570-square-foot commercial property at 607 E State Street C in Jacksonville, Illinois, presents a rare opportunity. Situated on a 1.9-acre lot, this historic building boasts a wealth of unique architectural details reflecting its rich past. Having served diverse businesses – from its origins as a transfer, shipping, and storage facility to more recent uses as boutiques, restaurants, and offices – this adaptable space offers immense potential. Significant recent renovations exceed $100,000, including a new roof and an ongoing remodel of the second floor, which adds over 4,000 square feet of living space, complete with four bedrooms and two full bathrooms. The property's prime location directly across from a popular Jacksonville restaurant ensures high visibility and foot traffic. Mixed zoning allows for a variety of commercial uses, making it ideal for entrepreneurs seeking a unique and established location. The building is being sold "as is," with inspections welcomed. Earnest money is made payable to West State Title. This is a truly remarkable opportunity to own a piece of Jacksonville's history and shape its future.

    Property Features for 607 State St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,570 SF
    Lot Size
    82,764 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.21902
    Latitude
    39.73396

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, 11,570 sq ft, mixed zoning.
    Where is this commercial real estate located?
    The property is located at 607 State St Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $299,000.
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    607 State St Jacksonville, IL 62650
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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
    607 State St Jacksonville, IL 62650
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