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    119 Carroll St Macomb, IL 61455

    Sponsored
    For Sale
    $119,900

    Prime Commercial Land, Office Space, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Macomb, Illinois commercial property, located at 119 W Carroll Street, presents a unique investment opportunity. Built in 1885, the property features a substantial main floor spanning over 7,000 square feet, divided into three distinct units. One unit has undergone recent renovations and is currently generating rental income from an existing tenant. The front unit offers significant potential for office space, ideal for a business seeking expansion or a creative professional. The rear unit, currently used as a carpenter's shop, is adaptable to various commercial uses. The expansive second floor provides a blank canvas for future development, allowing for significant expansion or the creation of additional rental units. Adding to the property's appeal is ample parking, with 22 spaces available. This versatile property, situated in McDonough County, IL, zip code 61455, offers a rare blend of existing income, flexible space, and significant upside potential for commercial or mixed-use development. The property is listed at $119,900 and presents a compelling opportunity for investors seeking a high-return investment in a thriving Illinois community. The property's location offers easy access to local amenities and transportation routes. Don't miss this chance to acquire a truly unique and versatile commercial property.

    Property Features for 119 Carroll St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1885
    Buildings
    1

    HighLights

    • $119,900 asking price.
    • Land and office property in Macomb, IL.
    • 1885 construction, one building.
    • Over 7,000 sq ft main floor with three units; one renovated and occupied, one suitable for office space, and one currently a carpenter's shop.
    • Large second floor for development and 22 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edifice Remodel Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    McDonough
    State
    Illinois
    Longitude
    -90.6723756
    Latitude
    40.4595912

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Commercial Land, Office Space, High Potential
    Where is this office property / space located?
    The property is located at 119 Carroll St Macomb, IL.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: $119,900 asking price.; Land and office property in Macomb, IL.; 1885 construction, one building.
    Request Owner's contact information
    119 Carroll St Macomb, IL 61455
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    Macomb, IL 61455
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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
    119 Carroll St Macomb, IL 61455
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