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    200 Havana, IL 62644

    Sponsored
    For Sale
    $378,000

    Historic Downtown Havana, IL - Multi-Building Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property in Havana, Illinois, presents a remarkable investment opportunity in the heart of the historic downtown area. The offering encompasses three parcels: a two-story corner brick building at 200 N. Plum Street, a large two-story building at 206 N. Plum Street, and an intervening lot at 202 N. Plum Street, ideal for parking. The versatile spaces within these buildings offer a multitude of potential uses. 200 N. Plum Street currently houses a ground-floor beauty salon, a ground-floor efficiency apartment, and a spacious two-bedroom, one-bathroom apartment upstairs. The larger building at 206 N. Plum Street features a 700-square-foot ground-floor bar area, a substantial 3800-square-foot vacant space on the main level, and four attractive upper-level apartments. These apartments boast numerous recent updates and include several kitchen appliances. Apartment layouts include a two-bedroom, two-bathroom unit; a one-bedroom, one-bathroom unit; and two additional two-bedroom, one-bathroom units. The property's prime location and flexible spaces make it an ideal investment for a variety of commercial ventures. The asking price for this unique multi-building property is $378,000. The address is 200-204 W Main Street, Havana, IL 62644.

    Property Features for 0 200

    General Information

    Property type
    Land

    Building Details

    Buildings
    2

    HighLights

    • $378,000 asking price.
    • Commercial land in Havana, IL.
    • Two buildings on the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Havana
    County
    Mason
    State
    Illinois
    Longitude
    -90.0587848
    Latitude
    40.2906906

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    FAQs

    What type of property is this?
    Land - Historic Downtown Havana, IL - Multi-Building Opportunity
    Where is this land located?
    The property is located at 200 Havana, IL.
    What is the asking price?
    The asking price for this property is $378,000.
    What are key features of this property?
    This property features: $378,000 asking price.; Commercial land in Havana, IL.; Two buildings on the property.
    Request Owner's contact information
    200 Havana, IL 62644
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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
    200 Havana, IL 62644
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