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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1235 Broadway St Centralia, IL 62801

Built 1980
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1980
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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