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    1203 Walnut St Jacksonville, IL 62650

    For Sale
    $129,900

    5750 sq ft warehouse, B1 zoning, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 5750-square-foot commercial warehouse building in Jacksonville, Illinois, presents a compelling investment opportunity. Built in 1981, the property is zoned B1 and currently operates as a multi-use space, including storage, workshop, and motorcycle repair areas. The building features a partitioned foyer/reception area with a bathroom and small office, a large finished shop space, and a large unfinished shop area. The reception area boasts acoustic ceiling tiles and fluorescent lighting. The shop area includes one large overhead door (three doors total) and three overhead mounted heaters. Asphalt parking is available at the front of the building, along with signage. The property is currently leased month-to-month for $1,000 per month. Detailed lease information will be provided during showings, which require 24-48 hours' notice. Legal descriptions, zoning, and restrictions from the previous sale, as certified by an appraiser, are available. This property offers significant potential for various uses, given the high demand for storage space in the area. Note that this property (1203 W Walnut Street) can be purchased as a package with the adjacent property (1205 W Walnut Street) for a combined price of $225,000. Both properties are owned by the same motivated seller.

    Property Features for 1203 Walnut St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1981
    Buildings
    1

    HighLights

    • Asking Price: $129,900
    • 5,750 SF building on a land parcel in Jacksonville, IL. Zoned B1.
    • Building features include a reception area, office, large finished and unfinished shop space, one large overhead door, and three overhead heaters.
    • Currently leased month‑to‑month for $1,000/month.
    • 1981 construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    vwbPhotography Photographer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.2484732
    Latitude
    39.7449039

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    FAQs

    What type of property is this?
    Distribution property - 5750 sq ft warehouse, B1 zoning, great potential.
    Where is this distribution property located?
    The property is located at 1203 Walnut St Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Asking Price: $129,900; 5,750 SF building on a land parcel in Jacksonville, IL. Zoned B1.; Building features include a reception area, office, large finished and unfinished shop space, one large overhead door, and three overhead heaters.
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    1203 Walnut St Jacksonville, IL 62650
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    Jacksonville, IL 62650
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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
    1203 Walnut St Jacksonville, IL 62650
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