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    403 Illinois St Harrisburg, AR 72432-2307

    For Sale
    $124,900

    Prime Retail Lot, High Traffic Area

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 403 S Illinois Street in Harrisburg, Arkansas, presents a unique investment opportunity. The 0.16-acre lot boasts a 2,000 square foot building, ideally suited for a variety of retail uses. Its prime location on the busy Highway 1 (also known as Illinois Street) ensures high visibility and significant foot traffic. The building features a robust 400-amp electrical service, two restrooms, and a covered back porch, adding to its functionality and appeal. A fence encloses the rear of the lot, providing additional security and privacy. The interior layout is highly adaptable

    Property Features for 403 Illinois St

    General Information

    Property type
    Land
    Square Feet
    2,000 SF
    Lot Size
    6,970 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Poinsett
    State
    Arkansas
    Longitude
    -90.7246189
    Latitude
    35.5607243

    Nearby Comparable

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    Nearby Similar for Sale

    • Contact for pricing

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      Established Medical Facility For Sale

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      Highway Frontage Automotive Services Property

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      Historic Buildings on Main Street

      Two historic buildings with investment potential in downtown Harrisburg, AR.
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    • $450,000
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      Harrisburg Commercial Property - Highway 14

      High-traffic location, 4800 sq ft, 3 acres
      19520 Highway 14, Harrisburg, AR 72432
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    FAQs

    What type of property is this?
    Land - Prime Retail Lot, High Traffic Area
    Where is this land located?
    The property is located at 403 Illinois St Harrisburg, AR.
    What is the asking price?
    The asking price for this property is $124,900.
    Request Owner's contact information
    403 Illinois St Harrisburg, AR 72432-2307
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    Harrisburg, AR 72432-2307
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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
    403 Illinois St Harrisburg, AR 72432-2307
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