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    540 5Th Ave Canton, IL 61520

    Sponsored
    For Sale
    $120,000

    High-traffic location, established business, AS IS.

    Property size:
    1,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 540 S 5th Avenue in Canton, Illinois, presents a unique investment opportunity. Situated on a 0.34-acre lot with convenient alley access, this 1,800 square foot building boasts a prime location along Illinois Routes 9 and 78, ensuring high visibility and traffic flow. The property has a rich history, originally constructed as a gas station in 1931, with additions of a car wash (1985) and truck testing station (1951), though these structures are currently inactive. For the past 24 years, the property has successfully operated as Automotive Diagnostics, an auto service center. All underground storage tanks have been removed, and a No Further Remediation (NFR) letter from the Illinois Environmental Protection Agency (IEPA) is available for review. The sale includes a 10,000-pound lift

    Property Features for 540 5Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,800 SF
    Lot Size
    14,810 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
    Canton
    County
    Fulton
    State
    Illinois
    Longitude
    -90.02785
    Latitude
    40.54872

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, established business, AS IS.
    Where is this commercial real estate located?
    The property is located at 540 5Th Ave Canton, IL.
    What is the asking price?
    The asking price for this property is $120,000.
    Request Owner's contact information
    540 5Th Ave 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
    540 5Th Ave Canton, IL 61520
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