Medical Office
For Sale
Contact for pricing
128 South Locust Street, Pana, IL 62557
Medical office space in a building constructed in 1900.
Property Size3,600 SF
Price / SF$121.70
Days on Market14
Property Features for 128 South Locust Street
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Office
Occupancy
50%
Lease Type
Gross
Net Operating Income
$40,527
Additional Details
Cap Rate
9.25%
Building Details
Year Built
1900
Year Renovated
2006
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Seamus O'Brien · License #CA
Source:
Crexi
Added: Aug 7
Changed: Aug 14
Last Checked: Aug 19 at 2:51PM
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 Matthews
Investment Insights
Based on property information with market context.
This medical office property contains 3600 square feet within a building constructed in 1900. The asset is located at 128 South Locust Street in Pana, Illinois 62557.
The property is presented with a 9.25% cap rate. Its medical-office classification and established building vintage define the core physical and commercial profile.
The property is presented with a 9.25% cap rate. Its medical-office classification and established building vintage define the core physical and commercial profile.
Key Highlights
- 3600 SF medical office property
- Building constructed in 1900
- Located at 128 South Locust Street, Pana, IL 62557
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62557, IL
6,841
Population
3,338
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
116.9 sq mi
ZIP Area
59
Density / Sq Mi
$51,769
Median Household Income
$29,878
Median Earnings
$684
Median Rent
$93,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space in a building constructed in 1900.
Where is this medical office space located?
The property is located at 128 South Locust Street Pana, IL.
What is the asking price?
The asking price for this property is $438,130.
What are key features of this property?
This property features: 3600 SF medical office property; Building constructed in 1900; Located at 128 South Locust Street, Pana, IL 62557
