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    Premium Healthcare Facility For Sale Title is generated by Realmo AI

    1200 Il 121, Mt Zion, IL 62549

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    For Sale
    $975,000

    Freestanding healthcare facility in Mt. Zion with development potential.

    Type:Office
    Property size:
    4 SF
    Price / SF:
    $243,750/SF
    Added:
    Dec 3, 2025
    Days on Market:
    170
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 1200 Il 121

    General Information

    Standard status
    Active
    Size
    4 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Nick Ragle
    Nick Ragle

    Listing agent Nick Ragle License #IL 475.201147

    Listing office Coldwell Banker Commercial Devonshire Realty

    Listing date Dec 3, 2025

    Source Cbcworldwide

    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 Coldwell Banker Commercial Devonshire Realty

    HighLights

    • Premium healthcare facility boasting 7,500 SF with 16 treatment/exam rooms, 9 offices, 3 nursing stations, a lab, and reception area.
    • Located on a main arterial road in the heart of Mount Zion's commercial district, 9 miles from Decatur, IL, providing optimal accessibility and visibility.
    • Includes an adjacent development ground, expanding the total land area to 4 acres, offering potential for future expansion or development.
    • Offers the option for multiple tenancies with separate client entrances and receiving areas already in place.
    • Currently partially leased (1,841 SF), providing immediate income potential.
    • Spacious breakroom/bonus area located on the second level.

    Overview

    This freestanding healthcare facility offers 7,500 square feet of space, including 16 private treatment or exam rooms, 9 private offices, 3 nursing stations, a lab, a reception area, and a breakroom/bonus area on the second level. A portion of the property, 1,841 square feet, is currently leased out. The property allows for multiple tenancies with separate client entrances and receiving areas, or it can be used by a single owner/occupier. Situated across two parcels, the property includes ample parking and adjacent development ground, expanding the total land area to 4 acres, which offers potential for future expansion or development opportunities. Located 9 miles southeast of Decatur, IL, along the main arterial roadway of Mount Zion, the property has optimal accessibility and visibility. It is positioned in the heart of Mount Zion's commercial district and surrounded by residential neighborhoods.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Cats only — 245 N Henderson St, Mt Zion, IL 62549

    Map

    City
    Mt Zion
    County
    Macon
    State
    Illinois
    Longitude
    -88.8516
    Latitude
    39.7516

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    • $650,000
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      Versatile Flex Building in Mt. Zion

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    FAQs

    What type of property is this?
    Medical Office Space - Freestanding healthcare facility in Mt. Zion with development potential.
    Where is this medical office space located?
    The property is located at 1200 Il 121 Mt Zion, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Premium healthcare facility boasting 7,500 SF with 16 treatment/exam rooms, 9 offices, 3 nursing stations, a lab, and reception area.; Located on a main arterial road in the heart of Mount Zion's commercial district, 9 miles from Decatur, IL, providing optimal accessibility and visibility.; Includes an adjacent development ground, expanding the total land area to 4 acres, offering potential for future expansion or development.
    (217) 352-7712
    We can help!
    Listing Contact
    Nick Ragle
    Nick Ragle
    Real Estate License ID: IL 475.201147
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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