8890 Us Hwy 45 Hwy Eldorado, IL 62930
This exceptional commercial property, located at 8890 US Hwy 45 N in Eldorado, Illinois (zip code 62930), presents a wealth of opportunities for savvy investors. Listed at $109,000, this land parcel boasts two existing buildings totaling over 2000 square feet. Built in 1999, the main structure features electricity, septic, heating, and air conditioning. While water currently requires hauling (a previous owner successfully utilized this method), the property offers significant potential for various commercial ventures. The buildings include a small apartment with a full bath, kitchen, and bedroom, plus a half bath with washer and dryer hookups. Additional features include a covered front patio, a drive-through garage, a 20x20 detached garage, and an enclosed carport/garage. Inside, built-in desks, a bar, and shelving are included. Three propane wall heaters and two window units provide climate control. The property also features a small pond nestled within a wooded area. Its previous use as a lawn and garden center and car/farm equipment lot highlights its ideal location and versatile nature. This property is situated in Saline County, Illinois, offering excellent highway visibility and accessibility. Don't miss this chance to acquire a well-positioned commercial property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.