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    OFF-MARKET
    Commercial real estate

    1364 Il-17 Rte, Lacon, IL 61540

    4,149 SF 1.45 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1364 IL-17 Route in Lacon, Illinois, presents a unique investment opportunity. The 4,149 square foot building sits on a 1.45-acre lot, offering ample space for a variety of uses. Currently operating as a long-established small engine sales and repair business, the property boasts impressive visibility on IL-17, just outside of Lacon's city limits. The existing business includes a substantial customer base, making this a turnkey operation with immediate revenue potential. The building features four overhead doors, providing convenient access for equipment and inventory. Significant expansion possibilities exist, with room to grow the current business or adapt the space for alternative commercial ventures. The property also includes the potential for living quarters, adding to its versatility. Adding to its value are two additional lots already equipped with utilities, providing further expansion or development options. This property offers a rare combination of established business, prime location, and significant growth potential, making it an ideal investment for discerning buyers. The asking price is $300,000.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 4,149 SF
    Lot 1.45 ac (63,162 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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