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    123 Oak St Watseka, IL 60970

    For Sale
    $124,900

    Prime location, 2176 sq ft, high potential.

    Property size:
    2,176 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 2,176 square foot commercial property located at 123 W Oak Street in Watseka, Illinois presents a unique investment opportunity. Previously operating as a restaurant, this versatile space offers a multitude of possibilities for a new business owner. The existing layout includes a spacious dining area, a fully equipped kitchen, and two separate office spaces, ideal for administrative functions or additional revenue streams. Ample storage is available throughout the building, catering to the needs of various business types. A significant advantage is the expansive parking lot, ensuring convenient access for customers and employees. The property's prime location in Watseka offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The building's adaptable design allows for the potential to subdivide the space and lease a portion to another tenant, generating additional income. This presents a compelling opportunity to establish a thriving business or create a diversified investment portfolio. The asking price of $124,900 makes this a highly competitive offering in the Watseka commercial real estate market. Don't miss this chance to secure a valuable asset with significant upside potential. The property is situated on a lot with no acreage listed.

    Property Features for 123 Oak St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,176 SF

    Building Details

    Year Built
    2002
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McKennaVision Computer Repair Service

    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
    Watseka
    County
    Iroquois
    State
    Illinois
    Longitude
    -87.73582
    Latitude
    40.77682

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, 2176 sq ft, high potential.
    Where is this commercial real estate located?
    The property is located at 123 Oak St Watseka, IL.
    What is the asking price?
    The asking price for this property is $124,900.
    (815) 432-2900
    Request Owner's contact information
    123 Oak St Watseka, IL 60970
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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
    123 Oak St Watseka, IL 60970
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