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    1001 Main St Highland, IL 62249

    For Sale
    $750,000

    15 Properties, High Traffic Area, Great Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a portfolio of fifteen commercial properties located at 1001 Main Street, Highland, Illinois, situated on a 0.16-acre lot at the northeast corner of the town square. The portfolio is being sold "as is," with the seller not undertaking any repairs prior to sale. The properties include seven office spaces, a gym, and three apartments, all benefiting from a shared laundry facility. Tenants are responsible for gas and electric utilities, while water is covered by the owner. A significant feature is a large, unfinished basement offering considerable potential for expansion or additional storage. The property boasts a recently installed roof (2024) and benefits from its high-traffic location in a prominent downtown area. This presents a unique chance to acquire a diverse and established commercial portfolio in a thriving Illinois community. The properties are offered at a price of $750,000. This is a turnkey investment opportunity for a savvy buyer looking for immediate returns and future development potential. The portfolio's diverse mix of commercial and residential units provides a stable income stream and a strong foundation for future growth. The "as is" condition allows for flexibility in renovation and modernization plans, tailoring the properties to meet specific market demands. The prime location on the town square ensures high visibility and accessibility, maximizing the potential for tenant attraction and business success.

    Property Features for 1001 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Highland
    County
    Madison-IL
    State
    Illinois
    Longitude
    -89.67878
    Latitude
    38.74075

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    FAQs

    What type of property is this?
    Commercial real estate - 15 Properties, High Traffic Area, Great Investment
    Where is this commercial real estate located?
    The property is located at 1001 Main St Highland, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    654-5575
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    1001 Main St Highland, IL 62249
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    Highland, IL 62249
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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
    1001 Main St Highland, IL 62249
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