1235 Broadway St Centralia, IL 62801
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 1235 Broadway St
- Year built
- 1980
- Lot size
- 0.46 lot acres
- Property size
- 1,738 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 1235 W Broadway Street in Centralia, Illinois, presents a compelling investment opportunity. Situated on a 0.46-acre lot, the 1,738 square foot building enjoys unparalleled visibility on West Broadway (Route 161), ensuring high traffic exposure for your business. The property's B-3 Arterial Business zoning allows for a wide range of commercial uses. A key feature is the potential for two drive-thru windows, ideal for businesses requiring quick and convenient customer service. The existing structure offers ample space for retail operations or other commercial ventures, presenting significant potential for growth and profitability. Currently, the property is under lease, providing a steady income stream until 2028, minimizing immediate vacancy concerns. This translates to a secure investment with a guaranteed return until the lease expires. The property's location on a major thoroughfare, combined with its versatile zoning and drive-thru potential, makes it an attractive proposition for a variety of businesses seeking a high-visibility location in a thriving Centralia market. The asking price of $150,000 represents excellent value for this strategically positioned commercial asset. This is a rare opportunity to acquire a well-located, income-producing property with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centralia
- County
- Clinton
- State
- Illinois
- Longitude
- -89.1568
- Latitude
- 38.5308
