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    123 Main St Benton, IL 62812

    For Sale
    $75,000

    Prime Location, Restaurant Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property, located at 123 E MAIN Street in Benton, Illinois, 62812, presents a unique investment opportunity. Built in 1970, this single-building property sits on a land parcel and offers versatile space ideal for a variety of commercial uses. Previously utilized as an attorney's office with a beauty/barber shop in the front, the building is well-suited for professional offices. Its prime location offers excellent visibility and accessibility. The property is situated just one block east of the public square and the new Franklin County courthouse, and only three blocks east of the Federal court, ensuring high foot traffic and convenient access to essential services and government buildings. The asking price is $75,000. The property's strategic location within the heart of Benton, Illinois, makes it an attractive prospect for entrepreneurs and investors seeking a well-established commercial space with significant potential for growth and profitability. The building's adaptable layout allows for customization to meet the specific needs of various businesses. This is a rare opportunity to acquire a well-maintained commercial property in a thriving downtown area. Serious inquiries are encouraged.

    Property Features for 123 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1970
    Buildings
    1

    HighLights

    • $75,000 asking price.
    • 1970‑built commercial building, 1 building on the land.
    • Located at 123 E MAIN Street, Benton, IL 62812.
    • Property includes land, office, and retail space; previously used as an attorney's office with a beauty/barber shop.
    • Excellent location: one block east of the public square and the new Franklin County courthouse, three blocks east of the Federal court.
    Property Profile Insight Report 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
    Benton
    County
    Franklin
    State
    Illinois
    Longitude
    -88.9188964
    Latitude
    37.9969665

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    FAQs

    What type of property is this?
    Restaurant - Prime Location, Restaurant Potential
    Where is this restaurant located?
    The property is located at 123 Main St Benton, IL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: $75,000 asking price.; 1970-built commercial building, 1 building on the land.; Located at 123 E MAIN Street, Benton, IL 62812.
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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
    123 Main St Benton, IL 62812
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