214 S Main St, Anna, IL 62906
This exceptional commercial property, located at 214 S Main Street in Anna, Illinois, presents a unique investment opportunity. Boasting 1,955 square feet on a 0.07-acre lot, this building is situated on a high-traffic street, experiencing up to 12,000 vehicles per day. Currently undergoing a significant remodel, the property features exposed original brick walls, adding to its character and charm. Modernizations include new wiring and flooring, providing a solid foundation for a variety of commercial uses. The main level offers ample space for a business, while the upstairs area, mirroring the square footage downstairs, presents significant potential. This space could be developed into a residential apartment, a valuable addition to the property, or converted into a short-term rental, such as a VRBO, generating additional income streams. Anna's Main Street is experiencing a revitalization, establishing itself as a thriving shopping hub, making this property ideally positioned to capitalize on the area's growth. The asking price is $65,400. This is a rare chance to acquire a well-located, partially renovated commercial property with significant upside potential in a growing downtown area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.