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    215 Main St Royalton, IL 62983

    Sponsored
    For Sale
    $145,000

    High-Visibility Commercial Building, Ready to Lease

    Property size:
    2,523 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 2,523 square foot commercial property, situated on a 0.11-acre lot at 215 S Main Street in Royalton, Illinois, presents a remarkable opportunity for business owners. Priced at $145,000, this property boasts significant advantages, including recently updated plumbing and electrical systems, ensuring reliable and efficient operation. A modern, high-efficiency HVAC system maintains a comfortable interior environment while minimizing energy costs. Security features are already in place, providing peace of mind for the new owner. The layout is versatile and well-suited for a variety of commercial uses, particularly restaurants or bars. While some basic kitchen and bar equipment is included, prospective buyers should be aware that additional appliances and equipment will be necessary to fully outfit the space to their specific needs. The property's location on Main Street offers high visibility and excellent accessibility for customers, maximizing potential for success. This is a turnkey opportunity to acquire a well-maintained commercial space in a desirable location, ready for immediate occupancy and customization to suit your business vision. The property is ready for a new owner to transform it into a thriving enterprise. Don't miss this chance to secure a prime commercial location in Royalton.

    Property Features for 215 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,523 SF
    Lot Size
    4,792 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Gym & Fitness Bar & Pub Grocery Store Food Market Dry Cleaner Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Royalton
    County
    Franklin
    State
    Illinois
    Longitude
    -89.1142
    Latitude
    37.87898

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Commercial Building, Ready to Lease
    Where is this commercial real estate located?
    The property is located at 215 Main St Royalton, IL.
    What is the asking price?
    The asking price for this property is $145,000.
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    215 Main St Royalton, IL 62983
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    Royalton, IL 62983
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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
    215 Main St Royalton, IL 62983
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