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    210 Randolph St Macomb, IL 61455

    For Sale
    $299,000

    Prime Macomb location, mixed-use income property.

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    308
    This exceptional commercial property at 210 S Randolph Street in Macomb, Illinois, presents a fantastic investment opportunity. Built in 1923, this building boasts a prime location just off Macomb Square. The main level features a spacious waiting area, nine individual offices, a boardroom, and a convenient break room. Six of these offices are currently leased at $350 per month each, generating consistent rental income. The lower level comprises two two-bedroom apartments, each with its own lease. One apartment currently rents for $650 per month, and the other for $900 per month. The property also includes asphalt parking for nine vehicles. Significant updates have been made, including a new rubber roof and HVAC system installed in 2014, and a new water heater in 2018. The building is in excellent condition and benefits from its superb location, making it an ideal investment for those seeking a strong return on investment in a thriving Illinois community. The property is zoned for commercial use and offers a blend of office space and residential rental units, providing diversified income streams. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The asking price is $299,000.

    Property Features for 210 Randolph St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1923

    HighLights

    • Asking Price: $299,000
    • Property Type: Commercial Land and Office Building, built in 1923, located at 210 S Randolph Street, Macomb, IL 61455
    • Main level features 9 offices, a boardroom, break room, and waiting area; 6 offices currently leased at $350/month each.
    • Lower level includes two 2‑bedroom apartments, one leased at $650/month and one at $900/month, plus shared laundry.
    • Recent improvements include a rubber roof (2014), HVAC (2014), and water heater (2018), plus asphalt parking for nine vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Macomb Mental Wellness Psychologist Dr. Joseph Proctor Psychologist

    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
    Macomb
    County
    McDonough
    State
    Illinois
    Longitude
    -90.6705981
    Latitude
    40.4570812

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Macomb location, mixed-use income property.
    Where is this office property / space located?
    The property is located at 210 Randolph St Macomb, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Asking Price: $299,000; Property Type: Commercial Land and Office Building, built in 1923, located at 210 S Randolph Street, Macomb, IL 61455; Main level features 9 offices, a boardroom, break room, and waiting area; 6 offices currently leased at $350/month each.
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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
    210 Randolph St Macomb, IL 61455
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