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    589 State Hwy 146 Hwy McClure, IL 62957

    Sponsored
    For Sale
    $360,000

    High-traffic commercial property, flexible layout.

    Property size:
    6,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional 6,750 square foot commercial building, situated on a 0.68-acre lot at 589 State Highway 146 in McClure, Illinois, presents a unique investment opportunity. Currently configured as a two-unit property, it offers significant adaptability. Twenty-five percent of the space is dedicated to retail and office areas, while the remaining 75% comprises a substantial bar area, a large open seating space, a spacious dance floor with a stage, restrooms, and several additional rooms suitable for kitchen facilities. This layout lends itself perfectly to conversion into a three-unit building, maximizing rental income potential. The property's prime location on a four-lane highway ensures high visibility and consistent traffic flow, ideal for a thriving business. Ample parking is available. The asking price of $360,000 represents exceptional value, particularly when compared to similar properties in neighboring Missouri. Furthermore, there's a potential for an attractive package deal including an additional 10 acres with multiple buildings, offering further expansion possibilities. This is a rare chance to acquire a substantial commercial property with significant upside in a highly desirable location. Don't miss this opportunity to secure a prime piece of commercial real estate in Southern Illinois.

    Property Features for 589 State Hwy 146 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,750 SF
    Lot Size
    29,621 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McClure
    County
    Alexander
    State
    Illinois
    Longitude
    -89.49817
    Latitude
    37.29501

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      so you're a big time dreamer

      eh? ... nothing says the current use is carved in stone. Check out surrounding commercial properties offering a once-in-a-lifetime opportunity at a package deal to OWN just over 8 ACRES of commercial property on BOTH sides of this 4-Lane highway with 0ver 1
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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic commercial property, flexible layout.
    Where is this commercial real estate located?
    The property is located at 589 State Hwy 146 Hwy McClure, IL.
    What is the asking price?
    The asking price for this property is $360,000.
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    589 State Hwy 146 Hwy McClure, IL 62957
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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
    589 State Hwy 146 Hwy McClure, IL 62957
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