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    114 Market St Colchester, IL 62326

    Sponsored
    For Sale
    $50,000

    Prime Colchester location, ready for your business!

    Property size:
    1,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This 1,750 square foot commercial building, located at 114 E Market Street in Colchester, Illinois, presents a fantastic opportunity for entrepreneurs and investors. The property has recently undergone a complete cleaning, making it move-in ready for immediate occupancy. Situated in a city with no zoning restrictions, this building offers unparalleled flexibility for a wide range of business ventures. The property is situated on a block that has experienced significant improvements in recent years, indicating a positive trend in the neighborhood's development. A new on-demand water heater was installed in 2024, ensuring efficient and modern utility systems. The building's spacious layout provides ample room for various business configurations. The asking price is $50,000, representing a compelling value for a property in a revitalizing area. The owner is also open to exploring rental options, providing additional flexibility for potential occupants. This is an exceptional chance to establish a business in a thriving community with minimal regulatory hurdles. Don't miss this opportunity to secure a prime commercial space in a rapidly improving location. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 114 Market St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,750 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Gym & Fitness Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Colchester
    County
    McDonough
    State
    Illinois
    Longitude
    -90.79197
    Latitude
    40.42467

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Colchester location, ready for your business!
    Where is this commercial real estate located?
    The property is located at 114 Market St Colchester, IL.
    What is the asking price?
    The asking price for this property is $50,000.
    (309) 837-2273
    Request Owner's contact information
    114 Market St Colchester, IL 62326
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    Colchester, IL 62326
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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
    114 Market St Colchester, IL 62326
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