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    102 Main St Columbia, IL 62236

    Sponsored
    For Sale
    $1,100,000

    Multi-use building, high income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional multi-use commercial property, situated on a prime 0.73-acre lot in historic downtown Columbia, Illinois, presents a unique investment opportunity. The building boasts four commercial spaces and two residential apartments, generating substantial current income. One commercial suite, with direct Main Street access, is currently vacant but previously commanded a monthly rent of $1,700. Three occupied commercial suites currently yield a combined monthly income of $7,350. The two residential units, a three-bedroom, two-bathroom apartment and a two-bedroom, two-bathroom apartment, each generate $900 in monthly rent. A full basement provides ample dry storage space. The property includes multiple kitchens and lavatories within the commercial areas, along with a secure vault room. Significant updates have been made throughout the building. The sale includes not only the main building but also an adjacent lot and an additional parcel, providing ample parking. This strategic acquisition offers a substantial existing income stream and significant potential for future growth and revenue enhancement. Detailed lease agreements and further property information are available upon request. This is a rare opportunity to acquire a well-established, income-producing property in a desirable downtown location.

    Property Features for 102 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    31,799 SF

    Building Details

    Year Built
    1882
    Location Intelligence

    Current Use by Public Records

    COLUMBIA MAIN STREET ... Candy Store FedEx Drop Box Shipping Service Obregon & Associates LLC Tax Preparation Service Lane Daniel Insurance Agency

    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
    Columbia
    County
    Monroe-IL
    State
    Illinois
    Longitude
    -90.19995
    Latitude
    38.44337

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    Nearby Similar for Sale

    • $1,100,000
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      Multi-Use Commercial Building in Columbia

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Commercial real estate - Multi-use building, high income potential.
    Where is this commercial real estate located?
    The property is located at 102 Main St Columbia, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    281-7621
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    102 Main St Columbia, IL 62236
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    Columbia, IL 62236
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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
    102 Main St Columbia, IL 62236
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