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    1318 Lafayette St Macomb, IL 61455

    Sponsored
    For Sale
    $159,900

    Prime Macomb location, office/retail space.

    Property size:
    1,708 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1318 N. Lafayette Street in Macomb, Illinois, presents a unique investment opportunity. The property boasts a single-story, 1,708 square foot building constructed in 1980, situated on a sizable lot. The building is currently zoned for business use, offering versatility for a range of commercial enterprises. With a total of 1,708 square feet of net rentable space, the property is priced at $159,900, translating to $93.62 per square foot. The property's prime location on N. Lafayette Street ensures excellent highway visibility, making it an ideal location for businesses seeking high traffic exposure. The property's APN is 11-101-106-05. This is a single-unit building, perfect for a small business owner or investor looking for a strong foothold in the Macomb market. The property's age presents an opportunity for renovation or modernization to further enhance its value and appeal. The McDonough County location offers access to a thriving community and a strong local economy. This property is ready for immediate occupancy and offers significant potential for growth and return on investment. The address is 1318 N. Lafayette Street, Macomb, IL 61455.

    Property Features for 1318 Lafayette St

    General Information

    Property type
    Retail properties
    Square Feet
    1,708 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $159,900 asking price for this Macomb, IL commercial property.
    • 1,708 square feet of combined land, office, and retail space.
    • $93.62 per square foot.
    • Single‑story, 1980‑built building on a 1‑unit lot.
    • Business zoning.
    • Located at 1318 N Lafayette Street, Macomb, IL 61455 (APN: 11‑101‑106‑05).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    McDonough
    State
    Illinois
    Longitude
    -90.6728018
    Latitude
    40.4760354

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    FAQs

    What type of property is this?
    Retail property - Prime Macomb location, office/retail space.
    Where is this retail property located?
    The property is located at 1318 Lafayette St Macomb, IL.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: $159,900 asking price for this Macomb, IL commercial property.; 1,708 square feet of combined land, office, and retail space.; $93.62 per square foot.
    Request Owner's contact information
    1318 Lafayette St Macomb, IL 61455
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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
    1318 Lafayette St Macomb, IL 61455
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