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    1128 Lincoln St Riverton, IL 62561

    Sponsored
    For Sale
    $249,000

    Prime commercial land, storage units, equipment included.

    Property size:
    2,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2.6-acre commercial property, located at 1128 E Lincoln Street in Riverton, Illinois, presents a unique investment opportunity. The property boasts a 2,800 square foot building currently housing twelve individual storage units, generating immediate income potential. Adding to its versatility, the lot also includes several 10x20 shipping containers, with ample space for up to sixty more. The property's zoning allows for further development and expansion. Included in the sale is commercial-grade equipment designed for lot maintenance and efficient movement of the shipping containers. The strategic location on a central road, near Riverton Middle School, ensures high visibility and accessibility. This property is ideal for an investor seeking a diversified portfolio or a business owner looking to establish a strong presence in a growing community. The seller is open to considering a contract for deed or lease arrangement. This is a rare opportunity to acquire a substantial commercial property with existing income streams and significant expansion potential. Don't miss out on this exceptional offering.

    Property Features for 1128 Lincoln St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,800 SF
    Lot Size
    113,256 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Dental Office Auto Repair Shop Clothing Store Nail Salon Kitchen & Bath Food Market Grocery Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverton
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.52654
    Latitude
    39.84386

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    FAQs

    What type of property is this?
    Commercial real estate - Prime commercial land, storage units, equipment included.
    Where is this commercial real estate located?
    The property is located at 1128 Lincoln St Riverton, IL.
    What is the asking price?
    The asking price for this property is $249,000.
    Request Owner's contact information
    1128 Lincoln St Riverton, IL 62561
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    Riverton, IL 62561
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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
    1128 Lincoln St Riverton, IL 62561
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