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    589 State Hwy 146 Hwy McClure, IL 62957

    Sponsored
    For Sale
    $360,000

    Illinois Commercial Property: Dance Hall, Retail, Office

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property in McClure, Illinois, presents a unique investment opportunity. Located at 589 State Highway 146, this property boasts a prime location on a four-lane highway, ensuring high visibility and accessibility. The existing building comprises approximately 25% retail and office space, and 75% dedicated to a well-established dance hall. The dance hall features a large bar, spacious open seating area, a sizable dance floor with a stage, multiple bathrooms, and several additional rooms suitable for kitchen facilities or other uses. The adaptable layout allows for potential expansion to a three-unit building. The property sits on a substantial land parcel, offering ample parking. This property is priced significantly below comparable properties across the river in Missouri. The asking price is $360,000. A potential package deal including an additional 10 acres with multiple buildings is also available. This presents a rare chance to acquire significant commercial land near Cape Girardeau, Illinois, making it an ideal investment for entrepreneurs seeking high-traffic exposure and versatile commercial space. The property's current configuration as a dance hall and retail space provides immediate income potential, while its adaptability allows for a wide range of future uses.

    Property Features for 589 State Hwy 146 Hwy

    General Information

    Property type
    Retail properties

    Building Details

    Buildings
    1

    HighLights

    • High‑visibility commercial property at 589 State Highway 146, McClure, IL.
    • Mixed‑use building (25% retail/office, 75% established dance hall) with ample parking.
    • Dance hall features bar, large dance floor, stage, and multiple rooms.
    • Adaptable layout allows for expansion to a three‑unit building.
    • $360,000 asking price; below market value compared to Missouri properties.
    • Potential package deal including an additional 10 acres with multiple buildings available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McClure
    County
    Alexander
    State
    Illinois
    Longitude
    -89.4980994
    Latitude
    37.2949331

    Nearby Comparable

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      so you're a big time dreamer

      eh? ... nothing says the current use is carved in stone. Check out surrounding commercial properties offering a once-in-a-lifetime opportunity at a package deal to OWN just over 8 ACRES of commercial property on BOTH sides of this 4-Lane highway with 0ver 1
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      Productive Farmland Tract For Sale

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      High-Exposure Commercial Property in McClure, IL

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    Nearby Similar for Sale

    • $340,000
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      High-Exposure Commercial Property in McClure, IL

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      McClure Commercial Land - Highway Frontage

      Prime 2.4-acre commercial parcels, highway access.
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    • $360,000
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      McClure Commercial Building - Highway 146

      High-traffic commercial property, flexible layout.
      589 State Hwy 146 Hwy, McClure, IL 62957
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    • $499,900
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      so you're a big time dreamer

      eh? ... nothing says the current use is carved in stone. Check out surrounding commercial properties offering a once-in-a-lifetime opportunity at a package deal to OWN just over 8 ACRES of commercial property on BOTH sides of this 4-Lane highway with 0ver 1
      592 State Hwy 146 Hwy, McClure, IL 62957
      View Details

    FAQs

    What type of property is this?
    Retail property - Illinois Commercial Property: Dance Hall, Retail, Office
    Where is this retail property located?
    The property is located at 589 State Hwy 146 Hwy McClure, IL.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: High-visibility commercial property at 589 State Highway 146, McClure, IL.; Mixed-use building (25% retail/office, 75% established dance hall) with ample parking.; Dance hall features bar, large dance floor, stage, and multiple rooms.
    Request Owner's contact information
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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
    589 State Hwy 146 Hwy McClure, IL 62957
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