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    1602 Main St Benton, IL 62812

    For Sale
    $595,000

    Prime Commercial Office Space in Benton, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property, located at 1602 N MAIN Street in Benton, Illinois (zip code 62812), presents a unique investment opportunity. Currently configured as an executive office space, this property is situated on a sizable land parcel and is ideally suited for a variety of commercial uses. The building is currently under a five-year lease, expiring October 25th of an unspecified year. The asking price for this turnkey operation is $595,000. The property's location in Benton, Franklin County, Illinois offers excellent access to local amenities and transportation networks. The precise building size and specifications are not currently available. This property is classified as both commercial and executive office space, and has also been used for government purposes. Given its current lease, this presents a strong passive income stream for an investor, with potential for future development or repositioning upon lease expiration. The property's address is easily accessible and visible from Main Street, providing excellent visibility for any business. Further due diligence is recommended to fully assess the property's potential and suitability for your specific needs. Interested parties should conduct their own independent investigation to verify all aspects of the property and its current lease agreement. This is a rare opportunity to acquire a well-located commercial property in a growing Illinois market.

    Property Features for 1602 Main St

    General Information

    Property type
    Government properties

    HighLights

    • $595,000 asking price.
    • Land and office property in Benton, IL.
    • Commercial, executive office, and government use permitted.
    • Located at 1602 N MAIN Street, Benton, IL 62812.
    • Currently under a 5‑year lease expiring 10/25.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vocational Rehabilitation Division Social Services Organization Franklin County Welfare ... Social Services Organization Franklin County Department ... Social Services Organization

    Suggested Use

    Realty agency Restaurant Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm Hotel & Motel Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Benton
    County
    Franklin
    State
    Illinois
    Longitude
    -88.919951
    Latitude
    38.0174405

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    FAQs

    What type of property is this?
    Government property - Prime Commercial Office Space in Benton, IL
    Where is this government property located?
    The property is located at 1602 Main St Benton, IL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: $595,000 asking price.; Land and office property in Benton, IL.; Commercial, executive office, and government use permitted.
    Request Owner's contact information
    1602 Main St Benton, IL 62812
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    Benton, IL 62812
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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
    1602 Main St Benton, IL 62812
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