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    53 Elm St Canton, IL 61520

    For Sale
    $129,000

    Prime location, high potential, 6,472 sq ft

    Property size:
    6,472 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 6,472 square foot commercial property, located at 53 W Elm Street in Canton, Illinois, presents a unique investment opportunity. Situated in the heart of downtown, directly across from the post office, this building enjoys unparalleled convenience and high visibility. Its prime location within both the BDD and TIF districts unlocks significant potential for redevelopment and future growth, making it an attractive prospect for a variety of commercial uses. The property boasts a wealth of functional features including a working elevator, original secure vaults, a convenient loading dock, seven air conditioning units, and six furnaces, ensuring efficient operation and minimizing upfront capital expenditure. The building retains its original architectural charm, offering a unique aesthetic appeal. While sold "as is," the seller demonstrates flexibility by being open to creative financing options, making this property accessible to a wider range of potential buyers. This is a rare chance to acquire a substantial commercial space in a thriving downtown area with significant upside potential. The property's size, location, and existing infrastructure make it an ideal candidate for renovation or adaptive reuse. Don't miss this opportunity to own a piece of Canton's vibrant commercial landscape.

    Property Features for 53 Elm St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,472 SF
    Property Profile Insight Report 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
    -90.03613
    Latitude
    40.55607

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high potential, 6,472 sq ft
    Where is this commercial real estate located?
    The property is located at 53 Elm St Canton, IL.
    What is the asking price?
    The asking price for this property is $129,000.
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    53 Elm 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
    53 Elm St Canton, IL 61520
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