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    1608 Lafayette St Jacksonville, IL 62650

    Sponsored
    For Sale
    $1,300,000

    Four-building office complex, 20,729 SF

    Property size:
    20,729 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property presents a unique investment opportunity in Jacksonville, Illinois. The offering encompasses four single-story office buildings, totaling 20,729 square feet, situated on a 2.76-acre lot. The buildings are strategically located on the west side of Jacksonville, directly across from the Morgan County Fairgrounds, providing excellent visibility and accessibility on a high-traffic street. The property includes six separate parcel IDs. Building sizes are diverse, offering flexibility for various tenants or a single large occupant. 1608 W Lafayette Street comprises 8,703 square feet, 1606 W Lafayette Street offers 5,703 square feet, 1604 W Lafayette Street provides 1,271 square feet, and 1602 W Lafayette Street features 5,052 square feet. Each building boasts similar finishes, including vinyl, ceramic tile, and carpet flooring

    Property Features for 1608 Lafayette St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    20,729 SF
    Lot Size
    120,226 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.2597
    Latitude
    39.73859

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    FAQs

    What type of property is this?
    Commercial real estate - Four-building office complex, 20,729 SF
    Where is this commercial real estate located?
    The property is located at 1608 Lafayette St Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    Request Owner's contact information
    1608 Lafayette St Jacksonville, IL 62650
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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
    1608 Lafayette St Jacksonville, IL 62650
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