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    1235 Broadway St Centralia, IL 62801

    Sponsored
    For Sale
    $150,000

    Prime Retail Space, Drive-Thru Potential, Leased

    Property size:
    1,738 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional commercial property, located at 1235 W Broadway Street in Centralia, Illinois, presents a compelling investment opportunity. Situated on a 0.46-acre lot, the 1,738 square foot building enjoys unparalleled visibility on West Broadway (Route 161), ensuring high traffic exposure for your business. The property's B-3 Arterial Business zoning allows for a wide range of commercial uses. A key feature is the potential for two drive-thru windows, ideal for businesses requiring quick and convenient customer service. The existing structure offers ample space for retail operations or other commercial ventures, presenting significant potential for growth and profitability. Currently, the property is under lease, providing a steady income stream until 2028, minimizing immediate vacancy concerns. This translates to a secure investment with a guaranteed return until the lease expires. The property's location on a major thoroughfare, combined with its versatile zoning and drive-thru potential, makes it an attractive proposition for a variety of businesses seeking a high-visibility location in a thriving Centralia market. The asking price of $150,000 represents excellent value for this strategically positioned commercial asset. This is a rare opportunity to acquire a well-located, income-producing property with significant long-term potential.

    Property Features for 1235 Broadway St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,738 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Centralia
    County
    Clinton
    State
    Illinois
    Longitude
    -89.15677
    Latitude
    38.53085

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Retail Space, Drive-Thru Potential, Leased
    Where is this commercial real estate located?
    The property is located at 1235 Broadway St Centralia, IL.
    What is the asking price?
    The asking price for this property is $150,000.
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    1235 Broadway St Centralia, IL 62801
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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
    1235 Broadway St Centralia, IL 62801
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