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    1992 Oakwood Ave Geneseo, IL 61254

    Sponsored
    For Sale
    $750,000

    Walmart Outlot: Prime Retail/Restaurant Space

    Property size:
    2,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 2,000 square foot commercial property presents a unique investment opportunity in a high-traffic location in Geneseo, Illinois. Situated on a 1.71-acre lot, this general commercial space boasts a shared entrance with a Walmart Supercenter, ensuring significant visibility and foot traffic. The property's strategic location within a thriving retail center offers unparalleled access to a substantial customer base. Neighboring businesses include a Dollar Fresh Market, Hardee's, Beck's, and Casey's General Store, creating a synergistic environment ideal for complementary businesses. The property's size and configuration are well-suited for a variety of retail or restaurant uses, providing ample space for operations and potential expansion. The asking price of $750,000 reflects the property's prime location, high visibility, and significant potential for return on investment. This is a rare opportunity to establish a business in a highly desirable and established commercial area with strong existing tenant occupancy. The shared entrance with Walmart provides immediate access to a large and consistent customer base, minimizing the need for extensive marketing and advertising. This property is ready for immediate occupancy and offers a turnkey solution for businesses seeking a high-traffic location with established infrastructure. Don't miss this chance to secure a prominent position in a bustling retail environment.

    Property Features for 1992 Oakwood Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,000 SF
    Lot Size
    74,488 SF
    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 Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneseo
    County
    Henry
    State
    Illinois
    Longitude
    -90.15742
    Latitude
    41.43375

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    FAQs

    What type of property is this?
    Commercial real estate - Walmart Outlot: Prime Retail/Restaurant Space
    Where is this commercial real estate located?
    The property is located at 1992 Oakwood Ave Geneseo, IL.
    What is the asking price?
    The asking price for this property is $750,000.
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    1992 Oakwood Ave Geneseo, IL 61254
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    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
    1992 Oakwood Ave Geneseo, IL 61254
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