Medical Office
114 E Main Street, Maroa, IL 61756
For Sale
$150,000
Reception, a waiting room and a break room complement the private office layout.
Property Size1,368 SF
Price / SF$109.65
Days on Market21
Property Features for 114 E Main Street
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Asking Price
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Building Size
Listing Agency:
Vieweg RE/Better Homes & Gardens Real Estate-Service First
(217) 450-8500
Listed By:
Tim Vieweg · License IL #471018186
(217) 454-4037
Source:
Exprealty
Added: Oct 20
Changed: Nov 9
Last Checked: Nov 8 at 7:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vieweg RE/Better Homes & Gardens Real Estate-Service First
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Investment Insights
Based on property information with market context.
Located at 114 E Main Street in Maroa, this 1,368-square-foot medical office property has five private offices, a reception area, a waiting room and a break room. The layout includes distinct spaces for office work and visitor reception.
The building is in Maroa’s business district and is zoned commercial. Six on-site parking spaces are available, with additional street parking nearby.
The building is in Maroa’s business district and is zoned commercial. Six on-site parking spaces are available, with additional street parking nearby.
Key Highlights
- 1,368 square feet of medical office space
- Five private offices, plus reception and a waiting room
- Break room included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,859
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,180
$217.2K
Cap Rate 7%
$155,129
$155.1K
Cap Rate 9%
$120,656
$120.7K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$17.2K $12.60/SF
− Vacancy
−$2.8K −$2.02/SF
EGI
$14.5K $10.58/SF
− OpEx
−$3.6K −$2.65/SF
NOI
$10.9K $7.94/SF
Area
Macon County, IL
Vacancy
16.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,180
Cap Rate 7%
$155,129
Cap Rate 9%
$120,656
Alternative Uses
Best Use
Office B
$155.1K
$135.7K – $181.0K
NOI $10,859 @ 7.0% cap · market cap 7.24%
Second Best
Healthcare Medical
$153.9K
$134.7K – $179.6K
NOI $10,773 @ 7.0% cap · market cap 7.18%
Theoretical Best
Specialty Retail
$229.8K
$201.1K – $268.1K
NOI $16,084 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 61756, IL
2,165
Population
1,109
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
96%
High-School Grad
84.0 sq mi
ZIP Area
26
Density / Sq Mi
$83,889
Median Household Income
$42,321
Median Earnings
$794
Median Rent
$183,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception, a waiting room and a break room complement the private office layout.
Where is this medical office space located?
The property is located at 114 E Main Street Maroa, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,368 square feet of medical office space; Five private offices, plus reception and a waiting room; Break room included
