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    810 University Ave Henry, IL 61537

    Sponsored
    For Sale
    $150,000

    High-traffic Route 29 location, $150,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial property, located at 810 University Avenue in Henry, Illinois (zip code 61537), presents a unique investment opportunity. The property is classified as land and retail, encompassing a beautifully updated retail space situated directly on Route 29, ensuring high visibility and significant traffic volume. Currently operating as a combined antique store and floral boutique, this versatile space offers immense potential for a variety of retail businesses. The asking price for this prime location is $150,000. The business and existing inventory are available for separate purchase, providing flexibility for prospective buyers. The property's location in Marshall County, Illinois, offers easy access to local amenities and a strong customer base. Its strategic placement on Route 29 guarantees consistent exposure to a large number of potential customers. This is an ideal opportunity for entrepreneurs seeking a well-established retail space with proven success in a high-traffic area. The property's coordinates are 41.1125875 latitude and -89.3690173 longitude. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers.

    Property Features for 810 University Ave

    General Information

    Property type
    Retail properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Henry
    County
    Marshall
    State
    Illinois
    Longitude
    -89.3690173
    Latitude
    41.1125875

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    FAQs

    What type of property is this?
    Retail property - High-traffic Route 29 location, $150,000
    Where is this retail property located?
    The property is located at 810 University Ave Henry, IL.
    What is the asking price?
    The asking price for this property is $150,000.
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    810 University Ave Henry, IL 61537
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    Henry, IL 61537
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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
    810 University Ave Henry, IL 61537
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