Property profile

400 Broadway Goreville, IL 62939

OFF-MARKET
Commercial real estate
5,760 SF 0.25 ac lot Built 2007
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Property summary

AI-generated overview

This versatile 5,760 square foot commercial property located at 400 S Broadway, Goreville, IL, presents a unique investment opportunity. Situated on a 0.25-acre lot, the building offers a substantial amount of space ideal for a variety of uses. The main level features a large open area perfect for retail, warehousing, or a workshop, complemented by a dedicated office space. Adding to its income potential, a one-bedroom apartment is conveniently located on the ground floor. Upstairs, the building boasts four additional residential units, providing a steady stream of rental income. Two of these units are one-bedroom apartments, while the other two offer two bedrooms each. The property is priced at $340,000 and offers significant potential for both commercial and residential income generation. The combination of commercial and residential space makes this a truly unique and attractive investment opportunity in the Goreville market. This property is ready for immediate occupancy and offers a strong return on investment. The building's size and layout provide flexibility for a variety of business ventures and rental strategies. Don't miss this chance to acquire a substantial property in a growing area.

Property profile

Verified
Property type Commercial real estate
Year built 2007
Total area 5,760 SF
Lot 0.25 ac (10,890 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400 Broadway Goreville, IL 62939
Goreville metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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