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    5717 Il-78 Virginia, IL 62691

    Sponsored
    For Sale
    $225,000

    7,200 SF Retail Space - $225K

    Property size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 5717 IL-78 in Virginia, Illinois, presents a remarkable investment opportunity. The 7,200 square foot building sits on a spacious 1.07-acre lot, zoned B2, and boasts a versatile layout ideal for a variety of retail uses. Previously occupied by a Dollar General, the property features a wide-open floor plan perfect for customization, along with a convenient smaller storage area accessible via double doors. Ample parking is provided with 33 spaces available. The strategic location just north of the intersection of Rt. 125 and 78 ensures high visibility and accessibility for customers. The asking price is $225,000, translating to $31.25 per square foot. This single-story building presents a strong foundation for a thriving business, offering a blend of space, location, and potential. The property's APN is 11-098-015-00. This is a rare opportunity to acquire a well-situated retail space in a growing community. The property is ready for immediate occupancy and offers significant upside potential for the right buyer. Don't miss this chance to own a piece of Virginia, Illinois's vibrant commercial landscape.

    Property Features for 5717 Il-78

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,200 SF
    Lot Size
    46,609 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $225,000 asking price.
    • 7,200 square foot mixed‑use building.
    • $31.25 per square foot.
    • Located on a 1.07‑acre lot in Virginia, Illinois.
    • Former Dollar General; features a wide‑open floor plan and 33 parking spaces.
    • B2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Virginia
    County
    Cass
    State
    Illinois
    Longitude
    -90.2072856
    Latitude
    39.9550175

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - 7,200 SF Retail Space - $225K
    Where is this individual retail property located?
    The property is located at 5717 Il-78 Virginia, 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: $225,000 asking price.; 7,200 square foot mixed-use building.; $31.25 per square foot.
    Request Owner's contact information
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    Virginia, IL 62691
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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
    5717 Il-78 Virginia, IL 62691
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