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    601 Ridge Ave Greenville, IL 62246

    Sponsored
    For Sale
    $120,000

    Versatile storage, prime location, agricultural use.

    Property size:
    4,704 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 4,704 square foot commercial property in Greenville, Illinois presents a unique opportunity for agricultural businesses. The property boasts a substantial 3,072 square foot storage building/shop, ideal for equipment, supplies, or inventory. An attached office space provides convenient administrative functions. The strategic location ensures easy access for large vehicles and deliveries, making it an efficient hub for operations. The property is situated on a 0-acre lot, offering ample space for maneuvering and storage. This is a rare chance to acquire a well-maintained facility in a prime agricultural area. Please note a 20-year non-compete clause restricts the sale or distribution of agricultural chemicals, seed, or fertilizer on the property following the sale. The seller will convey title via a special or limited warranty deed, subject to this restriction. This property is perfect for businesses seeking secure, accessible storage and a convenient workspace within a thriving agricultural community. Don't miss this chance to acquire a valuable asset in a desirable location.

    Property Features for 601 Ridge Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,704 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Bond
    State
    Illinois
    Longitude
    -89.40548
    Latitude
    38.88635

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile storage, prime location, agricultural use.
    Where is this commercial real estate located?
    The property is located at 601 Ridge Ave Greenville, IL.
    What is the asking price?
    The asking price for this property is $120,000.
    Request Owner's contact information
    601 Ridge Ave Greenville, IL 62246
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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
    601 Ridge Ave Greenville, IL 62246
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