0 200 Havana, IL 62644
This exceptional commercial property in Havana, Illinois, presents a remarkable investment opportunity in the heart of the historic downtown area. The offering encompasses three parcels: a two-story corner brick building at 200 N. Plum Street, a large two-story building at 206 N. Plum Street, and an intervening lot at 202 N. Plum Street, ideal for parking. The versatile spaces within these buildings offer a multitude of potential uses. 200 N. Plum Street currently houses a ground-floor beauty salon, a ground-floor efficiency apartment, and a spacious two-bedroom, one-bathroom apartment upstairs. The larger building at 206 N. Plum Street features a 700-square-foot ground-floor bar area, a substantial 3800-square-foot vacant space on the main level, and four attractive upper-level apartments. These apartments boast numerous recent updates and include several kitchen appliances. Apartment layouts include a two-bedroom, two-bathroom unit; a one-bedroom, one-bathroom unit; and two additional two-bedroom, one-bathroom units. The property's prime location and flexible spaces make it an ideal investment for a variety of commercial ventures. The asking price for this unique multi-building property is $378,000. The address is 200-204 W Main Street, Havana, IL 62644.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.