You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Commercial real estate

205 Race St Atlanta, IL 61723-7586

Entity Owned 7-yr Hold Free & Clear
Property ID
US28-4370470
Property summary
AI-generated overview

This exceptional commercial property, located at 205 SE Race Street in Atlanta, Illinois, presents a fantastic investment opportunity. Built in 1998, this well-constructed all-brick building sits on a desirable corner lot in the heart of Atlanta. The 2,299 square foot main level offers versatile space previously used as a dentist's office, adaptable to a variety of businesses. The layout includes a spacious waiting room, a large office/greeting area, two full bathrooms, a dedicated office or lunch area, and two conveniently located kitchenettes. Four additional sizable office rooms provide ample workspace. An oversized attached one-car garage offers convenient parking and storage. Furthermore, a full unfinished basement provides significant additional storage space and includes roughed-in plumbing for a bathroom. The property's central location and adaptable floor plan make it an ideal investment for entrepreneurs seeking a ready-to-occupy commercial space or investors looking for a strong rental property. The asking price is $199,900. The property is situated in Logan County, Illinois, with the zip code 61723.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 05-343-010-00
UPID US28-4370470
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Smidt Properties LLC · 7 yrs held
Smidt Properties LLC
since 2018
2 recorded transactions
2019
Price N/A
2018
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message