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    201 Section Line Rd Wayne City, IL 62895

    Sponsored
    For Sale
    $225,000

    1.73-acre lot with 4000+ sq ft building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional business opportunity in Wayne City, IL! This 1.73-acre property features a substantial 4000+ square foot building, previously a thriving body shop for two decades. The main shop boasts 50x38 dimensions, two 16x10 overhead doors, and gas-heated floors. A 47x8 storage container provides ample space for parts and supplies. The shop includes a 40x16 bay with a 14x12 overhead door and abundant LED lighting, plus a 48x20 bay equipped with a 24x14 Eagle Paint Booth featuring a bake cycle, full air makeup with side down draft, and a 14x12 overhead door. An office area (14x10) with a full-length counter and a 25x10 paint mix room are also present, with a 40x16 storage area above. The building is well-equipped with a screw-style refrigerant dryer air compressor, sandblasting cabinet, 200-amp service, Roto Phase converter, and window air conditioning units. A 20x18 carport on concrete adds further convenience. An additional acre of land behind the building offers potential for residential construction or business expansion. Ample parking is available. Asking price: $225,000. Located at 201 Section Line Road, Wayne City, IL 62895.

    Property Features for 201 Section Line Rd

    General Information

    Property type
    Land

    HighLights

    • Asking Price: $225,000
    • Property Type: 1.73‑acre commercial land with a 4,000+ sq ft building
    • Building Features: 50x38 main shop with two 16x10 overhead doors, heated floors, 47x8 storage container, 48x20 bay with paint booth, 14x10 office, 25x10 paint mix room, 40x16 upper storage area, 20x18 carport, 200‑amp service, and various shop equipment.
    • Location: 201 Section Line Road, Wayne City, IL 62895
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne City
    County
    Wayne
    State
    Illinois
    Longitude
    -88.5867707
    Latitude
    38.3423268

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    FAQs

    What type of property is this?
    Land - 1.73-acre lot with 4000+ sq ft building
    Where is this land located?
    The property is located at 201 Section Line Rd Wayne City, IL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Asking Price: $225,000; Property Type: 1.73-acre commercial land with a 4,000+ sq ft building; Building Features: 50x38 main shop with two 16x10 overhead doors, heated floors, 47x8 storage container, 48x20 bay with paint booth, 14x10 office, 25x10 paint mix room, 40x16 upper storage area, 20x18 carport, 200-amp service, and various shop equipment.
    Request Owner's contact information
    201 Section Line Rd Wayne City, IL 62895
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    Wayne City, IL 62895
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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
    201 Section Line Rd Wayne City, IL 62895
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