Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    119 W Adams St Rushville, IL 62681

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,098,350

    NNN leased retail property with rental increases and renewal options.

    Property size:
    8,359 SF
    Lot size:
    0.92 Acres

    Property Features for 119 W Adams St

    General Information

    Size
    8,359 SF
    Lot size
    0.92 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    NNN Retail Property For Sale

    This retail property features an original 15-year absolute triple net (NNN) lease with approximately 5.8 years remaining. The lease includes a ten percent (10%) rental increase scheduled for July 2024. The tenant has six (6) renewal options, each for five (5) years. The property has a size of 8359 square feet and is located in Rushville, IL.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rushville
    County
    Schuyler
    State
    Illinois
    Longitude
    -90.561114
    Latitude
    40.123864

    Nearby Similar for Sale

    • $162,500
      3,236 SF

      Rushville Fourplex with Expansion Potential

      Solid investment property with updates and expansion possibilities in Rushville.
      135 E Washington St, Rushville, IL 62681
      View Details
    • $117,500
      1,964 SF

      Updated Duplex in Rushville, IL

      Well-maintained 2-unit property with numerous updates and income potential.
      209 W Madison St, Rushville, IL 62681
      View Details
    • $117,500
      2,210 SF

      Updated Duplex in Rushville, IL

      Well-maintained, updated 2-unit property with income potential in Rushville.
      324 W Washington St, Rushville, IL 62681
      View Details

    FAQs

    What type of property is this?
    NNN property - NNN leased retail property with rental increases and renewal options.
    Where is this nnn property located?
    The property is located at 119 W Adams St Rushville, IL.
    What is the asking price?
    The asking price for this property is $1,098,350.
    What are key features of this property?
    This property features: - Original 15-Year Absolute Triple Net (NNN) Lease; - Approximately 5.8 Years Remaining on Lease; - **Ten Percent (10%) Rental Increase in July 2024**
    (332) 345-2408
    Request Owner's contact information
    119 W Adams St Rushville, IL 62681
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    119 W Adams St
    Rushville, IL 62681
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    119 W Adams St Rushville, IL 62681
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.