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    1105 Main St West Frankfort, IL 62896

    For Sale
    $450,000

    Restaurant Space, Great Location, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 1105 W MAIN Street in West Frankfort, Illinois, 62896, presents a unique investment opportunity. Priced at $450,000, this property offers a versatile space previously occupied by a Hardee's restaurant. Its prime location on West Main Street offers excellent visibility and accessibility, situated just three blocks from Interstate 57, ensuring high traffic flow and convenient access for customers and employees. The building itself includes a substantial basement, adding significant potential for storage or expansion. The property's classification includes land, office, and retail uses, making it suitable for a wide range of commercial ventures. While currently vacant, the previous restaurant use suggests adaptability for similar food service businesses or other retail operations. The owners are open to considering lease options, contingent upon the prospective tenant and at their sole discretion. This property is an ideal choice for entrepreneurs seeking a well-positioned commercial space with significant potential for growth and profitability in a thriving Illinois community. The property's latitude and longitude coordinates are 37.898248, -88.9415736 respectively. This is a land, office, and retail property in Franklin County.

    Property Features for 1105 Main St

    General Information

    Property type
    Restaurants

    HighLights

    • $450,000 asking price.
    • Land, office, and retail property in West Frankfort, IL.
    • Located at 1105 W MAIN Street, West Frankfort, IL 62896.
    • Former Hardee's restaurant, suitable for various commercial uses.
    • Three blocks from Interstate 57.
    • Includes a basement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.9415736
    Latitude
    37.898248

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    FAQs

    What type of property is this?
    Restaurant - Restaurant Space, Great Location, IL
    Where is this restaurant located?
    The property is located at 1105 Main St West Frankfort, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; Land, office, and retail property in West Frankfort, IL.; Located at 1105 W MAIN Street, 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
    1105 Main St West Frankfort, IL 62896
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