Main Street Commercial
135 E Main Street Glenwood, IL 60425
135 E Main Street, Glenwood, IL, 60425
$350,000
For Sale
$350,000
Commercial property on Main Street with warehouse and vacant lot.
Property Size2,925 SF
Lot Size1.84 Acres
Price / SF$119.66
Days on Market182
Property Features for 135 E Main Street
General Information
- Standard status
- Active
- Size
- 2,925 SF
- Lot size
- 1.84 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency
RE/MAX 10
(708) 672-4700
Listed by
DEBBIE JOHNSTON · License #475145225
Source
Corcoran
Added: Jan 19 Updated: Jul 6 at 10:20 am Checked: Jul 20 at 3:53 am
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 RE/MAX 10
Investment Insights
Based on property information with market context.
This commercial property is located on busy Main Street. The front building, previously a gun store with a shooting range, presents numerous possibilities. The front section of the main building includes a 1000 square foot area divided into separate spaces, sharing one bathroom. This section could be leased for additional rental income. The gun range area is spacious, featuring a showroom, range, back office, and two safes, configured with a shooting range, meeting area, and showroom for merchandise display. The rear building is a large 45 x 65 warehouse with power, concrete floors, and tall ceilings. The property includes a vacant lot measuring 200 x 400 to the West.
Key Highlights
- Prime Main Street location for high visibility
- Existing gun range with showroom, meeting area, back office, and safes
- Large warehouse (45 x 65) with power, concrete floors, and tall ceilings
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $6.48 |
| − Vacancy | −$967 | −$0.33 |
| EGI | $18.0k | $6.15 |
| − OpEx | −$2.7k | −$0.92 |
| NOI | $15.3k | $5.23 |
2,925 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Retail
$580.0K
$507.5K – $676.7K
NOI $40,599 @ 7.0% cap · market cap 11.60%
Second Best
Warehouse
$218.4K
$191.1K – $254.8K
NOI $15,289 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.01M
$883.6K – $1.18M
NOI $70,691 @ 7.0% cap · market cap 20.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lulas Floral and Gifts ...
(Bike/Boat/Book/etc) Store
Glenwood Gun & Pistol ...
Gun Shop
OSR
Training Center
Similar Off Market Nearby
- Lulas Floral and Gifts #2 — 135 E Main St, Glenwood, IL 60425
FAQs
What type of property is this?
Storefront property - Commercial property on Main Street with warehouse and vacant lot.
Where is this storefront property located?
The property is located at 135 E Main Street Glenwood, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime Main Street location for high visibility; Existing gun range with showroom, meeting area, back office, and safes; Large warehouse (45 x 65) with power, concrete floors, and tall ceilings
