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    110 Main St Chambersburg, IL 62323

    For Sale
    Contact for pricing

    Historic Building, Multiple Uses, $20k

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This unique Chambersburg, Illinois property, located at 110 N MAIN Street, 62323, presents a compelling investment opportunity at an asking price of $20,000. The property, classified as land, multifamily, office, and retail, is a versatile building with a rich history, suitable for a variety of commercial ventures. Currently configured as a single-unit building with commercial, apartment, and restaurant subtypes, it offers significant potential for redevelopment. The building's adaptability allows for diverse uses, including conversion into apartments, a large single-family home, or continued use as a commercial space. The property is situated in Pike County, Illinois, offering convenient access to local amenities and infrastructure. While the property lacks a water heater, it does feature a septic system installed to code, ensuring compliance with local regulations. This presents a rare chance to acquire a historic building in a desirable location at an exceptionally affordable price, making it an attractive prospect for investors seeking a high-return project with significant upside potential. The property's versatility and prime location make it an ideal canvas for a creative entrepreneur or seasoned investor. Further investigation into the property's potential uses and necessary renovations is encouraged.

    Property Features for 110 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Pike
    State
    Illinois
    Longitude
    -90.6582659
    Latitude
    39.8167401

    Nearby Comparable

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    Nearby Similar for Sale

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      3,144 SF

      Historic Chambersburg Mixed-Use Building

      Prime Downtown Location, 3144 sq ft
      110 Main St, Chambersburg, IL 62323
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      0.10 Acres

      Historic Chambersburg Commercial Building

      Versatile Property, High Potential, $20,000
      110 Main St, Chambersburg, IL 62323
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic Building, Multiple Uses, $20k
    Where is this restaurant located?
    The property is located at 110 Main St Chambersburg, IL.
    What is the asking price?
    The asking price for this property is $20,000.
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    Chambersburg, IL 62323
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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
    110 Main St Chambersburg, IL 62323
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