Property profile

1500 Carroll St Macomb, IL 61455

OFF-MARKET
Warehouses
4,350 SF
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Property summary

AI-generated overview

This exceptional 4,350 square foot commercial property, located at 1500 E Carroll Street in Macomb, Illinois, presents a unique investment opportunity. Situated in a low-traffic commercial/industrial area with convenient access to Route 136, this versatile space is ideal for a variety of uses. The building boasts ample room for large equipment storage, facilitated by 14-foot overhead doors. One section includes a well-appointed office area complete with a full bathroom, a mini-split heating and cooling unit, loft storage, and ground-level built-in workspace/storage. A second section features another 14-foot overhead door, excellent drainage, a functional wash bay, and heating. The property is priced competitively at $175,000 and offers significant potential for various businesses seeking a flexible and functional space. The property is classified as Land, Industrial, and Office, and further categorized as Commercial, Warehouse, Flex, and Manufacturing. Its location in McDonough County, Illinois, zip code 61455, provides easy access to transportation routes and local amenities. This property is ready for immediate occupancy and presents a strong return on investment.

Property profile

Verified
Property type Warehouses
Total area 4,350 SF

Cap rate & NOI

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

Location

1500 Carroll St Macomb, IL 61455
Macomb metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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