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    223 North Ave Flora, IL 62839

    Sponsored
    For Sale
    $69,900

    Established Business, High Traffic Area, Adaptable Space

    Property size:
    1,616 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 223 E North Avenue in Flora, Illinois presents a unique investment opportunity. The 1,616 square foot building sits on a 0.26-acre lot, offering ample space and parking. Currently operating as a thriving, well-established business, this property benefits from its high-traffic location, ensuring excellent customer accessibility. All necessary equipment for the current business operation is included, providing a seamless transition for a new owner. However, the adaptable nature of the space allows for diverse uses beyond its current configuration. An office or other retail businesses could easily occupy this versatile building. The property's strong location and existing infrastructure make it an ideal choice for entrepreneurs seeking an established business or those looking to create a new venture. The asking price is $69,900. This is a rare opportunity to acquire a profitable business or a flexible commercial space in a desirable location. Don't miss out on this chance to own a piece of Flora's thriving commercial landscape. Serious inquiries are encouraged.

    Property Features for 223 North Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,616 SF
    Lot Size
    11,326 SF
    Location Intelligence

    Current Use by Public Records

    Memorial Lane Flowers ... Florist

    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
    Flora
    County
    Clay
    State
    Illinois
    Longitude
    -88.48372
    Latitude
    38.66968

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    FAQs

    What type of property is this?
    Commercial real estate - Established Business, High Traffic Area, Adaptable Space
    Where is this commercial real estate located?
    The property is located at 223 North Ave Flora, IL.
    What is the asking price?
    The asking price for this property is $69,900.
    Request Owner's contact information
    223 North Ave Flora, IL 62839
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    223 North Ave
    Flora, IL 62839
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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
    223 North Ave Flora, IL 62839
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