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    102 Main St Smithton, IL 62285

    Sponsored
    For Sale
    $210,000

    High-yield, fully leased mixed-use property.

    Property size:
    5,588 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use investment opportunity, located at 102 South Main Street in Smithton, Illinois, presents a compelling return on investment. The property, situated on a 0.31-acre lot and boasting 5,588 square feet, is a two-story building constructed in 1868 and renovated in 1950. Currently operating under B-1 zoning, it comprises five units: one commercial/office/retail space, two apartments (one 1-bedroom, one studio), and one single-family residence—all fully leased with long-term tenants, ensuring consistent cash flow. The building has undergone upgrades throughout its history. The asking price is $210,000, translating to a price per square foot of $37.58 and an attractive 8.60% cap rate, generating a net operating income (NOI) of $18,209. The property's APN is 13-33-.0-210-011. This fully leased investment property offers a stable income stream and significant potential for future appreciation, making it an ideal addition to any portfolio. The property's location in Smithton, IL (zip code 62285) provides convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable location.

    Property Features for 102 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,588 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built/Renovated
    1868/1950
    Stories
    2
    Units
    5

    HighLights

    • Mixed‑use investment opportunity available for purchase.
    • 100% occupied by tenants.
    • Recently renovated with significant property upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    A-C License & Title ... Insurance Broker CJ’s Pub and Grill Pub

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithton
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9920215
    Latitude
    38.4095931

    Nearby Comparable

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      Leased Mixed-Use Investment Opportunity

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      102 S Main St, Smithton, IL 62285
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    Nearby Similar for Sale

    • $195,000
      5,588 SF

      Leased Mixed-Use Investment Opportunity

      Fully leased mixed-use building with long-term tenants and recent upgrades.
      102 S Main St, Smithton, IL 62285
      View Details
    • $1,160,000
      9,450 SF

      Retail Opportunity on Illinois 159

      Retail property for sale on a major thoroughfare.
      4001 Illinois 159, Smithton, IL
      View Details
    • $195,000
      1.57 Acres

      Smithton Commercial Building - Huge Potential

      Former nursing home, 1.57 acres, rezoning possible.
      107 Lincoln St, Smithton, IL 62285
      View Details
    • $2,202,448
      12,668 SF

      Illinois Dollar General Market Investment

      High-yield, NNN-leased retail property.
      702 Main St, Smithton, IL 62285
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-yield, fully leased mixed-use property.
    Where is this mixed-use property located?
    The property is located at 102 Main St Smithton, IL.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: Mixed-use investment opportunity available for purchase.; 100% occupied by tenants.; Recently renovated with significant property upgrades.
    Request Owner's contact information
    102 Main St Smithton, IL 62285
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    Smithton, IL 62285
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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
    102 Main St Smithton, IL 62285
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