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    118 W Main St, Unit Greenville Greenville, IL 62246

    For Sale
    $319,000

    Retail space and four apartments in downtown Greenville, Illinois.

    Property size:
    2 SF

    Property Features for 118 W Main St

    General Information

    Size
    2 SF

    Building Details

    Year built
    1900

    Source: Angie Zangori Agent Angie Zangori

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Greenville Mixed-Use Investment Opportunity

    This mixed-use property is located on Greenville's town square, offering visibility and income potential. The property features a retail space and four one-bedroom apartments. Some recent updates include mini-split systems installed in 2023 and 2024. The property has a strong rental history. HVAC and tuckpointing work was completed in 2023. The property is located in the downtown area and may qualify for city incentives and Tift programs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Greenville
    County
    Bond
    State
    Illinois
    Longitude
    -89.411818
    Latitude
    38.891985

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    FAQs

    What type of property is this?
    Mixed-use property - Retail space and four apartments in downtown Greenville, Illinois.
    Where is this mixed-use property located?
    The property is located at 118 W Main St, Unit Greenville Greenville, IL.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - Unsurpassed visibility and income potential on Greenville's town square.; - Versatile commercial retail space with four 1-bedroom apartments.; - Strong rental history providing immediate cash flow.
    (618) 779-0204
    Request Owner's contact information
    118 W Main St, Unit Greenville Greenville, IL 62246
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    Greenville, IL 62246
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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
    118 W Main St, Unit Greenville Greenville, IL 62246
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