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    4575 State Rte 146 Hwy Makanda, IL 62920

    Sponsored
    For Sale
    $250,000

    High-Income Potential, TIF District

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity in Anna, Illinois, presents a unique blend of commercial and residential income streams. Located at 4575 E State Route 146 Highway, this property boasts a substantial 4,000 square feet of retail space, currently generating consistent income. Adding to its profitability, the property includes three fully rented apartments, providing a stable and diversified revenue stream. The building was constructed in 1979 and sits on a land parcel in Union County, Illinois, zip code 62920. The property's location offers significant potential for growth and expansion, making it an attractive proposition for savvy investors. Furthermore, its advantageous position within a Tax Increment Financing (TIF) district presents the possibility of future financial incentives, enhancing the overall return on investment. This property is priced at $250,000 and offers a compelling combination of established income and significant upside potential. The property's location in Anna, IL, provides easy access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a well-established, income-producing property with substantial room for growth. Serious inquiries are encouraged.

    Property Features for 4575 State Rte 146 Hwy

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1979
    Buildings
    1

    HighLights

    • Exceptional investment opportunity in Anna, IL, generating consistent income from 4,000 sq ft of retail space and three rented apartments.
    • Located at 4575 E State Route 146 Highway, Union County, IL 62920.
    • Built in 1979, this property offers significant growth potential and is situated in a Tax Increment Financing (TIF) district.
    • Priced at $250,000, this well‑established property provides established income and upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Makanda
    County
    Union
    State
    Illinois
    Longitude
    -89.2277026
    Latitude
    37.5722491

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    FAQs

    What type of property is this?
    Retail property - High-Income Potential, TIF District
    Where is this retail property located?
    The property is located at 4575 State Rte 146 Hwy Makanda, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity in Anna, IL, generating consistent income from 4,000 sq ft of retail space and three rented apartments.; Located at 4575 E State Route 146 Highway, Union County, IL 62920.; Built in 1979, this property offers significant growth potential and is situated in a Tax Increment Financing (TIF) district.
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    Makanda, IL 62920
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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
    4575 State Rte 146 Hwy Makanda, IL 62920
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