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    201 Park St Hardin, IL 62047

    Sponsored
    For Sale
    $240,000

    Riverfront Deli & Laundromat, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional Hardin, IL commercial property offers a unique investment opportunity. The 0.34-acre lot features two buildings, presenting significant income potential and expansion possibilities. One building houses a thriving deli, "The Happy Belly Deli," (formerly a Subway franchise) complete with all appliances and current inventory. Recent upgrades include a new covered deck and siding. The second building boasts a fully operational laundromat and a space ideally suited for another business, complete with a drive-through window. This area already possesses a gaming license and a liquor license, adding to its immediate revenue-generating capabilities. The exterior of this building also underwent significant upgrades within the past year. Located just a short walk from the Illinois Riverfront, this property benefits from high visibility and convenient access. The existing businesses provide a strong foundation for immediate returns, while the ample space and established licenses offer substantial potential for future growth and diversification. This is a rare chance to acquire a well-maintained, multi-faceted commercial property in a desirable location with significant upside. The property is priced at $240,000.

    Property Features for 201 Park St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    14,810 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Hardin laundromat Laundry Service Subway Sandwich Shop

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Daycare Center Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hardin
    County
    Calhoun-IL
    State
    Illinois
    Longitude
    -90.61815
    Latitude
    39.15816

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    FAQs

    What type of property is this?
    Commercial real estate - Riverfront Deli & Laundromat, Huge Potential
    Where is this commercial real estate located?
    The property is located at 201 Park St Hardin, IL.
    What is the asking price?
    The asking price for this property is $240,000.
    576-2203
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    201 Park St Hardin, IL 62047
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    Hardin, IL 62047
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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
    201 Park St Hardin, IL 62047
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