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    223 North Ave Flora, IL 62839

    Sponsored
    For Sale
    $69,900

    Prime Retail Land, High Traffic Area, $69,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial property located at 223 E NORTH Avenue, Flora, IL 62839, presents a unique investment opportunity. Priced at $69,900, this land parcel includes a single existing building suitable for a variety of retail or office uses. The property boasts a highly desirable location in a high-traffic area, ensuring excellent visibility and accessibility for customers and employees. Ample parking is available, adding to the convenience. Currently configured as a thriving, established business, the property offers the potential for immediate income generation. However, the versatile space is adaptable to suit a wide range of commercial ventures. The building is well-maintained and equipped with all necessary operational components for continued business operations. Whether you envision building upon the existing business's success or transforming the space into a new enterprise, this property offers significant potential for growth and profitability. The property's location in Clay County, Illinois, provides easy access to local amenities and a strong customer base. This is an exceptional opportunity to own a piece of Flora's thriving commercial landscape. Don't miss this chance to secure a prime location for your next business venture.

    Property Features for 223 North Ave

    General Information

    Property type
    Retail properties

    Building Details

    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Memorial Lane Flowers ... Florist

    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
    Flora
    County
    Clay
    State
    Illinois
    Longitude
    -88.4837395
    Latitude
    38.6696872

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      Flora Commercial Building - Prime Location

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Land, High Traffic Area, $69,900
    Where is this retail property located?
    The property is located at 223 North Ave Flora, IL.
    What is the asking price?
    The asking price for this property is $69,900.
    Request Owner's contact information
    223 North Ave Flora, IL 62839
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    Flora, IL 62839
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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
    223 North Ave Flora, IL 62839
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