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    1102 Main St West Frankfort, IL 62896

    Sponsored
    For Sale
    $170,000

    Prime Retail & Gas Station Site, Redevelopment Potential

    Property size:
    1,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1102 West Main Street in West Frankfort, Illinois, presents a significant redevelopment opportunity. The 0.55-acre lot encompasses a 1,522 square foot building, previously used as a convenience store and gas station, featuring a canopy. The property boasts a prime location on IL Route 149 (West Main Street), near the southeast quadrant of the I-57 interchange, ensuring high visibility and accessibility. Built in 1990 and renovated in 1990, the single-story structure sits on a 24,000 square foot lot, offering ample space for various commercial ventures. The asking price is $170,000, translating to a land value of $7.08 per square foot. The property is zoned for commercial use and benefits from its location within a Tax Increment Financing (TIF) district and Enterprise Zone, providing potential tax advantages. Parcel numbers are 11-24-329-001 and 11-24-329-002. This property is ideal for entrepreneurs seeking a high-traffic location for commercial redevelopment in a thriving area. The property's strategic positioning near the I-57 interchange makes it an attractive investment for businesses seeking maximum exposure and convenient access for customers. The existing building provides a solid foundation for a variety of commercial uses, offering significant potential for return on investment.

    Property Features for 1102 Main St

    General Information

    Property type
    Automotive properties
    Square Feet
    1,522 SF
    Lot Size
    23,958 SF

    Building Details

    Year Renovated
    1990
    Stories
    1

    HighLights

    • Former gas station and convenience store on a 24,000 sq ft lot.
    • High‑visibility location on IL Route 149 near the I‑57 interchange.
    • Located in a Tax Increment Financing (TIF) district and Enterprise Zone.
    • Ideal for redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    West Frankfort
    County
    Franklin
    State
    Illinois
    Longitude
    -88.9409563
    Latitude
    37.8976004

    Nearby Comparable

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    Nearby Similar for Sale

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      West Frankfort Gas Station For Sale

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    FAQs

    What type of property is this?
    Automotive property - Prime Retail & Gas Station Site, Redevelopment Potential
    Where is this automotive property located?
    The property is located at 1102 Main St West Frankfort, IL.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Former gas station and convenience store on a 24,000 sq ft lot.; High-visibility location on IL Route 149 near the I-57 interchange.; Located in a Tax Increment Financing (TIF) district and Enterprise Zone.
    Request Owner's contact information
    1102 Main St West Frankfort, IL 62896
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    West Frankfort, IL 62896
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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
    1102 Main St West Frankfort, IL 62896
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