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    102 3Rd St Ina, IL 62846

    Sponsored
    For Sale
    $249,000

    High-Income Potential, Updated Property

    Property size:
    3,896 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 3,896 square foot commercial building at 102 W 3rd Street, Ina, IL presents a unique investment opportunity. The main level, offering approximately 3,000 square feet of versatile space, is ready for immediate customization to suit your business needs. This blank canvas allows for a wide range of commercial ventures. Above the main level, a three-bedroom, one-and-a-half-bathroom residential unit generates consistent rental income. Further enhancing the investment potential, the lower level features two additional one-bedroom rental units, all currently occupied and contributing to the property's cash flow. Recent significant improvements have been made, including a new HVAC system, updated windows, and fresh siding, ensuring both efficiency and curb appeal. The roof was expertly installed by Illini Commercial Roofing LLC in 2023, and comes with a transferable warranty, providing peace of mind for the new owner. This property offers a blend of immediate income and significant upside potential, making it an attractive investment in a desirable location. The combination of existing rental income and the expansive main level space creates a rare opportunity for both immediate return and long-term growth. Don't miss this chance to acquire a well-maintained, high-income-producing commercial property in Ina, Illinois.

    Property Features for 102 3Rd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,896 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Gym & Fitness Nail Salon Convenience Store Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ina
    County
    Jefferson
    State
    Illinois
    Longitude
    -88.90427
    Latitude
    38.15144

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-Income Potential, Updated Property
    Where is this commercial real estate located?
    The property is located at 102 3Rd St Ina, IL.
    What is the asking price?
    The asking price for this property is $249,000.
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    102 3Rd St Ina, IL 62846
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    Ina, IL 62846
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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 3Rd St Ina, IL 62846
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