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    111 Main St Alexis, IL 61412

    Sponsored
    For Sale
    Contact for pricing

    Prime Alexis location, 2-story brick building, 1200 sq ft apartment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property located at 111 N MAIN Street, Alexis, IL 61412 presents a unique investment opportunity. The property consists of a 2-story brick building constructed in 1950, offering significant potential for redevelopment. The main level presents a blank canvas for a variety of commercial ventures, allowing for customization to suit your specific business needs. Upstairs, a spacious 1200 square foot, two-bedroom apartment provides additional income potential through rental or could be renovated for personal use. The building is currently without utilities. The property is situated on commercial land in the heart of Alexis, Illinois, offering excellent visibility and accessibility. This property is being offered at an attractive asking price of $13,500. The substantial size of the building and its prime location in Alexis make this a rare opportunity for an investor with vision to create a thriving business and potentially generate rental income from the upper apartment. The absence of utilities presents a chance to customize the property to meet the needs of the new owner and their chosen business. This is a chance to acquire a property with significant upside potential at a very competitive price. Serious inquiries only.

    Property Features for 111 Main St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1950
    Buildings
    1

    HighLights

    • $13,500 asking price for commercial land.
    • Located at 111 N MAIN Street, Alexis, IL 61412.
    • Property type: Commercial Land.
    • Features a 1950s‑era, 2‑story brick building (1 building total).
    • Building contains approximately 1200 sq ft, with a potential 2‑bedroom apartment upstairs.
    • Utilities are not currently connected.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bart's Barber Shop. ... Barber Shop Jim's Barber Shop Barber Shop

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Gym & Fitness Department Store Storage Facility Bar & Pub Cafe & Coffee Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexis
    County
    Warren
    State
    Illinois
    Longitude
    -90.5546293
    Latitude
    41.0629188

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    FAQs

    What type of property is this?
    Land - Prime Alexis location, 2-story brick building, 1200 sq ft apartment.
    Where is this land located?
    The property is located at 111 Main St Alexis, IL.
    What is the asking price?
    The asking price for this property is $13,500.
    What are key features of this property?
    This property features: $13,500 asking price for commercial land.; Located at 111 N MAIN Street, Alexis, IL 61412.; Property type: Commercial Land.
    (309) 596-4226
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    111 Main St Alexis, IL 61412
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    Alexis, IL 61412
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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
    111 Main St Alexis, IL 61412
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