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    162 Chestnut St Canton, IL 61520

    Sponsored
    For Sale
    $299,000

    Prime Canton location, high ROI potential.

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This two-story, 6,500 square foot commercial building in Canton, Illinois, presents a compelling investment opportunity. Located in the heart of downtown, this property boasts significant street frontage and high traffic flow, offering substantial upside potential. Currently 75% occupied, the building features four units: three main floor office/retail spaces and a remodeled upstairs apartment. The building is zoned CBD (Central Business District), allowing for a multitude of uses. Recent updates include electrical, mechanical systems, and roof replacement within the last decade. The Net Operating Income (NOI) is $30,830, and the asking price is below recent appraised value. This well-maintained property offers a strong return on investment with the potential for increased occupancy and rental income. The building's prime location and flexible zoning make it an ideal investment for both seasoned and new investors seeking a profitable venture in a thriving downtown area. The property's 6,500 square feet of net rentable space provides ample room for expansion or diversification of tenants. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location at a competitive price.

    Property Features for 162 Chestnut St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,500 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • 6,500 SF two‑story commercial building in Canton, IL.
    • High traffic location with significant street frontage in the downtown CBD.
    • Currently 75% occupied with three main floor office/retail spaces and one remodeled apartment.
    • Recent updates include electrical, mechanical systems, and roof.
    • $30,830 NOI and asking price below recent appraised value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Fulton
    State
    Illinois
    Longitude
    -90.032008314918
    Latitude
    40.55710052889

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Canton location, high ROI potential.
    Where is this office property / space located?
    The property is located at 162 Chestnut St Canton, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 6,500 SF two-story commercial building in Canton, IL.; High traffic location with significant street frontage in the downtown CBD.; Currently 75% occupied with three main floor office/retail spaces and one remodeled apartment.
    Request Owner's contact information
    162 Chestnut St Canton, IL 61520
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    Canton, IL 61520
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    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
    162 Chestnut St Canton, IL 61520
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