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    162 Chestnut St Canton, IL 61520

    Sponsored
    For Sale
    $299,000

    Multi-unit building, prime location, great investment.

    Property size:
    6,480 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 162 E Chestnut Street in Canton, Illinois presents a compelling investment opportunity. The 6,480 square foot building sits on a 0.35-acre lot in the heart of downtown Canton, offering excellent visibility and accessibility. The property is zoned B-3 and features three main floor units currently configured as office/retail spaces. These units provide flexibility for a variety of commercial uses, catering to diverse business needs. Adding to the property's appeal is a fully remodeled upstairs apartment, offering additional income potential or the possibility of owner occupancy. The building's infrastructure is well-maintained, with significant updates completed within the last 15 years. These improvements include upgrades to the electrical system, mechanical systems, and roof, minimizing future maintenance concerns and maximizing long-term value. Currently, a portion of the building is leased, generating immediate cash flow. This property offers a rare blend of established income and significant upside potential, making it an ideal investment for both seasoned and emerging investors seeking a strong foothold in a thriving downtown area. The property's central location and versatile layout provide a solid foundation for future growth and profitability. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers.

    Property Features for 162 Chestnut St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,480 SF
    Lot Size
    15,246 SF
    Property Profile 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
    Canton
    County
    Fulton
    State
    Illinois
    Longitude
    -90.03261
    Latitude
    40.5568

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-unit building, prime location, great investment.
    Where is this commercial real estate located?
    The property is located at 162 Chestnut St Canton, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    Request Owner's contact information
    162 Chestnut St Canton, IL 61520
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    Canton, IL 61520
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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
    162 Chestnut St Canton, IL 61520
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