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    111 Exchange St Geneseo, IL 61254

    Sponsored
    For Sale
    $250,000

    Downtown Geneseo multi-use building with apartments.

    Property size:
    3,840 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 3,840 square foot commercial building is ideally situated in the heart of downtown Geneseo, Illinois, just off State Street. The property boasts a versatile main level currently configured as individual offices with removable modular walls and ample back storage. This layout offers significant flexibility, easily adaptable to a wide range of retail uses by simply removing the partitions to create a large open space. Adding to its appeal are two recently remodeled and well-maintained apartments, a one-bedroom unit and a studio, both currently vacant and ready for immediate occupancy. These apartments provide a valuable income-generating opportunity or could be used as additional office space. A full basement offers substantial storage capacity, further enhancing the property's functionality. The building sits on a 0.06-acre lot, providing convenient access and visibility in this thriving downtown area. Priced at $250,000, this property presents a rare opportunity to acquire a multi-use building with significant potential in a desirable location. The combination of commercial space and residential units makes this an attractive investment for both business owners and investors seeking a strong return. Don't miss this chance to own a piece of Geneseo's vibrant downtown.

    Property Features for 111 Exchange St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,840 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1910
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneseo
    County
    Henry
    State
    Illinois
    Longitude
    -90.15514
    Latitude
    41.45444

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Geneseo multi-use building with apartments.
    Where is this commercial real estate located?
    The property is located at 111 Exchange St Geneseo, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    Request Owner's contact information
    111 Exchange St Geneseo, IL 61254
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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
    111 Exchange St Geneseo, IL 61254
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