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    104 Vandalia Rd Jacksonville, IL 62650

    Sponsored
    For Sale
    $169,900

    Restaurant/Retail Space, $169,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This versatile 1430 square foot building, located at 104 E Vandalia Road in South Jacksonville, Illinois, presents a unique investment opportunity. Built in 1983, the property sits on land and is zoned for commercial use, including restaurant and retail operations. Previously used as a jewelry store, the building's adaptability makes it suitable for a variety of businesses. The existing infrastructure includes a fully intact vent/hood system and plumbing, ideal for a restaurant conversion. A functional camera/security system is also in place. The property benefits from its location within a Tax Increment Financing (TIF) district, potentially offering financial advantages. The asking price is $169,900. This single-building property offers significant potential for entrepreneurs seeking a well-located, adaptable space in a thriving Illinois community. The property's address is 104 E Vandalia Road, South Jacksonville, IL 62350. The building's size and existing features make it an attractive option for a range of commercial ventures. The property's location within a TIF district offers potential tax benefits. Serious inquiries are encouraged.

    Property Features for 104 Vandalia Rd

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1983
    Buildings
    1

    HighLights

    • $169,900 asking price.
    • 1,430 sq ft building on land in South Jacksonville, IL.
    • Property type: Commercial (Restaurant, Retail, Office).
    • Built in 1983; one building.
    • Features existing vent/hood system, plumbing for commercial kitchen, and security system.
    • Located in a Tax Increment Financing (TIF) district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kevin Denney-Precious Jewelers Jeweler

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.2285803
    Latitude
    39.7086779

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    FAQs

    What type of property is this?
    Restaurant - Restaurant/Retail Space, $169,900
    Where is this restaurant located?
    The property is located at 104 Vandalia Rd Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: $169,900 asking price.; 1,430 sq ft building on land in South Jacksonville, IL.; Property type: Commercial (Restaurant, Retail, Office).
    Request Owner's contact information
    104 Vandalia Rd Jacksonville, IL 62650
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    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
    104 Vandalia Rd Jacksonville, IL 62650
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