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    5 Main St Alto Pass, IL 62905

    Sponsored
    For Sale
    $49,900

    Historic Building, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This unique $49,900 property at 5 Main Street, Alto Pass, IL 62905, presents a remarkable investment opportunity. Built in 1890, this single building sits on land zoned for commercial, restaurant, and warehouse uses. Its prime location in a growing community places it within easy reach of the Wind Trail, Shawnee National Forest, and numerous orchards, restaurants, and retail businesses, ensuring high visibility and potential for strong foot traffic. The building itself offers a blank canvas, ideal for a variety of entrepreneurial ventures or adaptive reuse projects. The property's versatility allows for creative business development or residential conversion, catering to diverse needs. Situated in Union County, Illinois, this property offers a blend of historical charm and modern commercial potential. The address is easily accessible, benefiting from its central location within the community. This is a rare chance to acquire a piece of Alto Pass history with significant upside potential. The property's location within a thriving area promises a strong return on investment. Don't miss this opportunity to own a piece of this vibrant community.

    Property Features for 5 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1890
    Buildings
    1

    HighLights

    • $49,900 asking price.
    • Land, office, retail, and industrial property types; Commercial, restaurant, and warehouse subtypes.
    • 1890 construction year.
    • One building on site.
    • Located at 5 Main Street, Alto Pass, IL 62905.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Spa & Massage Hair Salon Clothing Store Nail Salon Hotel & Motel Food Market HVAC Service Grocery Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Alto Pass
    County
    Union
    State
    Illinois
    Longitude
    -89.3145024
    Latitude
    37.5686379

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    FAQs

    What type of property is this?
    Restaurant - Historic Building, High Traffic Area
    Where is this restaurant located?
    The property is located at 5 Main St Alto Pass, IL.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: $49,900 asking price.; Land, office, retail, and industrial property types; Commercial, restaurant, and warehouse subtypes.; 1890 construction year.
    Request Owner's contact information
    5 Main St Alto Pass, IL 62905
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    Alto Pass, IL 62905
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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
    5 Main St Alto Pass, IL 62905
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