1235 Broadway St Centralia, IL 62801
This exceptional commercial property, located at 1235 W BROADWAY Street in Centralia, Illinois (zip code 62801), presents a lucrative investment opportunity. The 1980-built property is zoned B-3 Arterial Business, offering significant advantages for a variety of retail ventures. Situated on West Broadway (Route 161), this land boasts unparalleled visibility and accessibility, ensuring high traffic and customer exposure. The existing structure offers the potential for a retail space with the possibility of incorporating two drive-thru windows, a highly desirable feature for modern businesses. The property is currently leased, providing a steady income stream until 2028, minimizing initial risk for the investor. This prime location in Clinton County, Illinois, offers a unique blend of established infrastructure and growth potential. The asking price is $150,000. This is an excellent opportunity to acquire a well-positioned commercial property with strong leasehold income and significant future development possibilities. The property's strategic location and zoning make it ideal for a variety of businesses seeking high visibility and convenient access. Don't miss this chance to secure a valuable asset in a thriving market.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.