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    924 Route 49 N Casey, IL 62420

    For Sale
    $1,181,647

    Recently renovated retail property with long-term net lease.

    Property size:
    16,240 SF
    Lot size:
    1.36 Acres

    Property Features for 924 Route 49 N

    General Information

    Size
    16,240 SF
    Lot size
    1.36 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Isaiah Harf

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

    Overview

    Renovated Retail Building For Sale

    This property features a newly renovated building with over 16,000 square feet. The building underwent renovations in 2023. It is offered with a long-term net lease that includes escalations. The property benefits from strong access and visibility, and is located near local schools. The concrete parking lot provides a maintenance-free asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store FedEx OnSite Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Casey
    County
    Clark
    State
    Illinois
    Longitude
    -87.986534
    Latitude
    39.312824

    Nearby Similar for Sale

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    • Contact for pricing
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      Illinois Industrial Portfolio Auction

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    FAQs

    What type of property is this?
    Storefront property - Recently renovated retail property with long-term net lease.
    Where is this storefront property located?
    The property is located at 924 Route 49 N Casey, IL.
    What is the asking price?
    The asking price for this property is $1,181,647.
    What are key features of this property?
    This property features: - Brand new, long-term net lease with escalations; - Low price and rent per SF (under $80/SF & less than $7/SF); - 2023 renovations to existing 16K+ SF building
    (312) 240-0127
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    Casey, IL 62420
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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
    924 Route 49 N Casey, IL 62420
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