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    305 Main St Jonesboro, IL 62952

    Sponsored
    For Sale
    $190,000

    Prime Flex Space, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4,680 square foot commercial property, located at 305 N MAIN Street in Jonesboro, Illinois (zip code 62952), presents a unique investment opportunity. Built in 1982, the single-building property sits on a land parcel and is currently configured as a fitness center, offering ample space for a variety of uses. The versatile layout includes a large main area ideal for fitness equipment or event space, complemented by a substantial 30x30 foot garage providing significant storage capacity. The property also features a full bathroom and a half-bath, adding to its functionality. The building's spacious interior and ample parking make it suitable for a range of businesses, including retail, fitness, or event venues. The asking price is $190,000. This property offers significant potential for a savvy investor seeking a flexible and adaptable commercial space in a desirable location. The property is classified as Commercial, Flex, and Warehouse space. Its location in Union County, Illinois, provides easy access to local amenities and transportation routes. This is a rare opportunity to acquire a well-maintained property with substantial square footage and diverse potential applications. Don't miss out on this chance to own a piece of Jonesboro's commercial landscape.

    Property Features for 305 Main St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1982
    Buildings
    1

    HighLights

    • 4,680 SF commercial building at 305 N MAIN Street, Jonesboro, IL 62952.
    • Built in 1982, currently configured as a fitness center.
    • Features a large main area, a 30x30 ft garage, full bath, and half‑bath.
    • Asking price: $190,000.
    • Suitable for retail, fitness, or event uses; ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    X- Treme Physique ... Gym

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Union
    State
    Illinois
    Longitude
    -89.2687142
    Latitude
    37.4541105

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    FAQs

    What type of property is this?
    Distribution property - Prime Flex Space, High Potential
    Where is this distribution property located?
    The property is located at 305 Main St Jonesboro, IL.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: 4,680 SF commercial building at 305 N MAIN Street, Jonesboro, IL 62952.; Built in 1982, currently configured as a fitness center.; Features a large main area, a 30x30 ft garage, full bath, and half-bath.
    Request Owner's contact information
    305 Main St Jonesboro, IL 62952
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    Jonesboro, IL 62952
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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
    305 Main St Jonesboro, IL 62952
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