Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    233 E JACKSON Street Macomb, IL 61455

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $149,900

    Completely renovated commercial property with high traffic corner location.

    Type:Commercial/Industrial
    Property size:
    1,595 SF
    Added:
    Mar 12, 2026
    Days on Market:
    21
    Last Refresh:
    Mar 25 at 10:57 pm

    Property Features for 233 E JACKSON Street

    General Information

    Standard status
    Active
    Size
    1,595 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1926

    We can help!

    Listing Contact
    Todd Gilliland

    Listing agent Todd Gilliland License #475191100

    Listing office TNT Realty Group, Inc.

    Listing date Mar 12, 2026

    Source Exitrealty

    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 TNT Realty Group, Inc.

    Overview

    Renovated Commercial Property in Macomb

    This stand-alone brick commercial property, formerly the Standard Oil, has been completely renovated in 2023. Renovations include new electrical, plumbing (PEX), a bathroom, heating, cooling, large windows, garage doors, lighting, oversized ceiling fans, flooring, paint, and fixtures. The 1,595 square foot building sits on a high traffic corner east of the Square on HWY 136/67 and has 7 parking spaces. Currently set up as a retail store with electric garage doors, the property offers potential as office space, a coffee shop, bakery, or specialty shop.
    Location Intelligence

    Current Use by Public Records

    Weaver Guns and Ammo Gun Shop Weaver Guns and Ammo ... Gun Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Candy Lane Floral & Gifts — 121 S Candy Ln, Macomb, IL 61455

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    McDonough
    State
    Illinois
    Longitude
    -90.6689
    Latitude
    40.4585

    Nearby Similar for Sale

    • $895,000

      Commercial Property Near Future Sports Complex

      Commercial property with three buildings near Walmart and future sports complex.
      1719 E JACKSON Street, Macomb, IL 61455
      View Details
    • $180,000

      Historic Downtown Macomb Commercial Building

      Mixed-use building in historic downtown Macomb, Illinois.
      20 W SIDE Square, Macomb, IL 61455
      View Details
    • $199,000

      Macomb Historic Courthouse Square Building

      Commercial building with restaurant/bar space and loft apartment.
      2 W SIDE Square, Macomb, IL 61455
      View Details
    • $250,000

      Macomb Commercial Building For Sale

      Commercial building with retail, office, and shop space available.
      1120 E JACKSON Street, Macomb, IL 61455
      View Details
    • $205,000
      3,780 SF

      Mixed-Use Commercial Building on Square

      Well-maintained mixed-use building on Macomb's historic downtown square.
      11 East Side Square, Macomb, IL 61455
      View Details
    • $294,000

      Macomb Retail and Warehouse Space

      Commercial corner lot with retail and warehouse buildings for sale.
      1508 W JACKSON Street, Macomb, IL 61455
      View Details
    • $195,000

      Mixed-Use Building in Macomb, IL

      Commercial office/retail space with an apartment in Macomb, IL.
      217 N RANDOLPH Street, Macomb, IL 61455
      View Details
    • $159,900
      1,708 SF

      Highway Visible Commercial Building

      Commercial building with great highway visibility, suitable for business.
      1318 N LAFAYETTE Street, Macomb, IL 61455
      View Details
    • $199,000

      Spacious Office Building For Sale

      Single-story office building with ample parking in high-traffic location.
      1034 W Jackson St, MACOMB, IL, 61455-1924
      View Details
    • $139,900
      2,208 SF

      Macomb Mixed-Use Property For Sale

      Versatile property with commercial potential in a high-traffic location.
      810 E JACKSON Street, Macomb, IL 61455
      View Details
    • $256,000

      Macomb Triplex Near WIU

      Triplex near WIU with potential for additional units.
      1613 W ADAMS Street, Macomb, IL 61455
      View Details
    • $130,000

      Macomb Duplex Near WIU

      Duplex built in 2006, close to WIU and downtown.
      303 W ADAMS Street, Macomb, IL 61455
      View Details

    FAQs

    What type of property is this?
    Storefront property - Completely renovated commercial property with high traffic corner location.
    Where is this storefront property located?
    The property is located at 233 E JACKSON Street Macomb, IL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Completely renovated in 2023 with new electrical, plumbing, bathroom, heating, cooling, windows, garage doors, lighting, flooring, paint, and fixtures.; High‑traffic corner location on HWY 136/67 east of the Square.; Stand‑alone brick commercial property with historic character.
    (309) 331-3505
    We can help!
    Listing Contact
    Todd Gilliland
    Real Estate License ID: 475191100
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!