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    306 Westgate Ave Jacksonville, IL 62650

    Sponsored
    For Sale
    $425,000

    High-traffic location, two units, great potential!

    Property size:
    4,377 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 4,377 square foot brick commercial building presents a compelling investment opportunity in a high-traffic area of Jacksonville, Illinois. Situated on Westgate Avenue, the property boasts excellent visibility and accessibility. The building is divided into two distinct units, offering flexibility for a variety of uses. The larger unit, currently vacant, encompasses over 3,000 square feet and features an attached garage, a half-bath, and dedicated office space, providing ample room for customization to suit a wide range of business needs. The possibilities are truly endless for this expansive space. The smaller unit, measuring approximately 1,200 square feet, is currently leased, generating consistent rental income. The property also includes a convenient parking lot, ensuring ample space for customers and employees. The building is well-maintained, reflecting a clear commitment to quality and pride of ownership. The seller is open to exploring creative financing or leasing options, making this an even more attractive proposition for prospective buyers. This is a rare opportunity to acquire a substantial commercial property in a prime location with significant upside potential. Don't miss out on this chance to own a piece of Jacksonville's thriving commercial landscape.

    Property Features for 306 Westgate Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,377 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Passavant Home Care Home Health Care Service The Hive Massage Therapist Visiting Nurses Association Home Health Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -90.2613
    Latitude
    39.74011

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, two units, great potential!
    Where is this commercial real estate located?
    The property is located at 306 Westgate Ave Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    Request Owner's contact information
    306 Westgate Ave Jacksonville, IL 62650
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    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
    306 Westgate Ave Jacksonville, IL 62650
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