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    214 Main St Anna, IL 62906

    Sponsored
    For Sale
    $79,900

    Historic building, high traffic location, huge potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 214 S MAIN Street in Anna, Illinois, presents a unique investment opportunity. Built in 1925, this 1955 square foot building sits on a prominent location in downtown Anna, a high-traffic area experiencing significant revitalization, with up to 12,000 vehicles passing daily. The property boasts exposed original brick walls, adding to its character and charm. Extensive renovations have already been completed, including new wiring and flooring, providing a solid foundation for a new business. The main floor offers ample space ideal for a restaurant or retail establishment. Furthermore, an equal amount of space exists upstairs, offering significant potential for development into a residential apartment or a short-term rental property like a VRBO. The property's prime location on Main Street, a burgeoning hub of shopping and commerce, ensures high visibility and accessibility. This is a rare chance to acquire a well-positioned, partially renovated building in a thriving downtown area for an asking price of $79,900. The zip code is 62906. Don't miss this chance to own a piece of Anna's vibrant future.

    Property Features for 214 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1925
    Buildings
    1

    HighLights

    • $79,900 asking price.
    • Land and retail property in Anna, IL.
    • 1925‑built, 1‑building property.
    • 1,955 sq ft ground floor space, exposed brick, new wiring, new floors.
    • Potential for additional living space upstairs, suitable for apartment or VRBO rental.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Anna
    County
    Union
    State
    Illinois
    Longitude
    -89.2482601
    Latitude
    37.4594019

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    Nearby Similar for Sale

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      Restaurant with Drive-Through Potential

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    FAQs

    What type of property is this?
    Restaurant - Historic building, high traffic location, huge potential.
    Where is this restaurant located?
    The property is located at 214 Main St Anna, IL.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: $79,900 asking price.; Land and retail property in Anna, IL.; 1925-built, 1-building property.
    Request Owner's contact information
    214 Main St Anna, IL 62906
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    Anna, IL 62906
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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
    214 Main St Anna, IL 62906
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