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    117 Walnut St Watseka, IL 60970

    For Sale
    $349,000

    High-traffic retail space, turnkey ready.

    Property size:
    5,445 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This 5,445 square foot retail property is located at 117 E Walnut Street in Watseka, Illinois, a prime location situated directly on Highway 24. The building offers ample parking, a significant advantage for customers and employees alike. Currently occupied by a long-term tenant, this presents a stable investment opportunity with immediate cash flow. The property is in turnkey condition, meaning it's ready for immediate use and requires minimal investment before generating income. A quick closing is possible, allowing for a swift and efficient transfer of ownership. The property's location on a major highway ensures high visibility and accessibility, making it an ideal location for a variety of retail businesses. The existing tenant's long-standing presence demonstrates the property's desirability and potential for continued success. This is a rare opportunity to acquire a well-established retail space in a desirable location with minimal upfront investment and the potential for strong returns. The property is offered at $349,000. This presents a compelling investment opportunity for those seeking a stable, income-generating asset with a quick turnaround. The property's size and location make it suitable for a range of retail uses. The ample parking further enhances its appeal to potential tenants and customers.

    Property Features for 117 Walnut St

    General Information

    Property type
    Retail properties
    Square Feet
    5,445 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Zone, 24 Hour ... Gym Silo Pub & Eatery Bar

    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
    Watseka
    County
    Iroquois
    State
    Illinois
    Longitude
    -87.7336
    Latitude
    40.77604

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, turnkey ready.
    Where is this retail property located?
    The property is located at 117 Walnut St Watseka, IL.
    What is the asking price?
    The asking price for this property is $349,000.
    (708) 473-7006
    Request Owner's contact information
    117 Walnut St Watseka, IL 60970
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    Watseka, IL 60970
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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
    117 Walnut St Watseka, IL 60970
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