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    OFF-MARKET
    Commercial real estate

    400 Broadway, Goreville, IL 62939

    5,760 SF 0.25 ac lot Built 2007
    Property ID
    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
    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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