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    1203 Walnut St Jacksonville, IL 62650

    Sponsored
    For Sale
    $225,000

    Two Buildings, High Traffic Area, Great Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity in Jacksonville, IL, presents two adjoining commercial buildings totaling 8606 sq ft for $225,000. The main building, 1203 Walnut Street, is a 5750 sq ft brick and block structure built in 1981, featuring overhead doors and currently leased month-to-month for $1000. It houses a showroom and space occupied by automotive and motorcycle businesses. The adjacent building, 1205 Walnut Street, offers 2856 sq ft of immaculate space, previously a sewing center with showroom, classroom, and owner's retreat. This building will be vacant October 1st, presenting a blank canvas for a new tenant or expansion. Both buildings share parking. The high-traffic location on West Walnut Street, near the hospital and other businesses, ensures strong potential for rental income and future appreciation. Originally listed separately for $298,000, this combined package offers a significantly reduced price, representing a smart investment opportunity. Don't miss this chance to acquire two buildings in a prime location at a compelling price.

    Property Features for 1203 Walnut St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1981
    Buildings
    2

    HighLights

    • Asking Price: $225,000 for two buildings.
    • Property consists of two buildings totaling 8606 square feet on a single lot in Jacksonville, IL.
    • Building at 1203 Walnut Street is 5750 sq ft, currently leased month‑to‑month for $1000.
    • Building at 1205 Walnut Street is 2856 sq ft, vacant October 1st, 2024.
    • Located near a hospital and other businesses, with high traffic counts on West Walnut Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    vwbPhotography Photographer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.2484732
    Latitude
    39.7449039

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    FAQs

    What type of property is this?
    Distribution property - Two Buildings, High Traffic Area, Great Investment
    Where is this distribution property located?
    The property is located at 1203 Walnut St Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Asking Price: $225,000 for two buildings.; Property consists of two buildings totaling 8606 square feet on a single lot in Jacksonville, IL.; Building at 1203 Walnut Street is 5750 sq ft, currently leased month-to-month for $1000.
    Request Owner's contact information
    1203 Walnut St Jacksonville, IL 62650
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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
    1203 Walnut St Jacksonville, IL 62650
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