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    220 Front St Cobden, IL 62920

    Sponsored
    For Sale
    $240,000

    Prime Cobden Retail Property, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional commercial property presents a lucrative investment opportunity in the thriving town of Cobden, Illinois. Located at 220 S FRONT Street, this 5300 square foot parcel boasts a prime location, nestled between Dollar General and the Iron Whisk Restaurant, ensuring high visibility and foot traffic. The property includes a single building constructed in 1950, currently leased, generating income. The strategic positioning on Old Highway 51, a major north-south thoroughfare, further enhances its accessibility and appeal to potential customers. This land and retail property offers significant potential for growth and return on investment. Detailed financial information regarding income and expenses is available upon request. The property's address is 220 S FRONT Street, Cobden, IL 62920. This is a rare chance to acquire a well-established commercial property in a desirable location with strong existing tenancy. The asking price for this exceptional opportunity is $240,000. Don't miss out on this chance to own a piece of Cobden's vibrant commercial landscape.

    Property Features for 220 Front St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1950
    Buildings
    1

    HighLights

    • Prime Cobden, IL location at 220 S FRONT Street, between Dollar General and Iron Whisk Restaurant.
    • 5,300 square foot lot with a 1950s building, currently leased and generating income.
    • High visibility on Old Highway 51, a major north‑south thoroughfare.
    • $240,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cobden Village Shops Antique Store Cobden Village Shops ... Antique Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cobden
    County
    Union
    State
    Illinois
    Longitude
    -89.2531638
    Latitude
    37.5311079

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    Nearby Similar for Sale

    • $98,700
      2,040 SF

      Cobden Restaurant - Turnkey Opportunity

      Established pizzeria, fully equipped, high potential.
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      Cobden Commercial Building - High Traffic

      Prime Cobden location, 5,318 sq ft, leased.
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      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Cobden Retail Property, High Traffic
    Where is this retail property located?
    The property is located at 220 Front St Cobden, IL.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Prime Cobden, IL location at 220 S FRONT Street, between Dollar General and Iron Whisk Restaurant.; 5,300 square foot lot with a 1950s building, currently leased and generating income.; High visibility on Old Highway 51, a major north-south thoroughfare.
    Request Owner's contact information
    220 Front St Cobden, IL 62920
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    Cobden, IL 62920
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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
    220 Front St Cobden, IL 62920
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