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Property profile & analytics
OFF-MARKET
Warehouses

90 Oak St Jonesboro, IL 62952

Property ID
Property summary
AI-generated overview

This exceptional commercial property located at 90 Oak Street, Jonesboro, IL 62952, presents a unique investment opportunity. Priced at $41,500, this land and industrial building previously served as a boat repair shop, offering versatile potential for various businesses. The building boasts a welcoming customer entry area complete with counters, ideal for client interaction. Ample storage space is available for parts and equipment, complemented by a substantial 26 x 36 foot garage workspace featuring an industrial-sized garage door, perfect for larger projects or equipment storage. The rear of the property offers the framework for a one-bedroom apartment, presenting additional income potential or comfortable living quarters. New kitchen cabinets are included and ready for installation, adding a significant value to the potential apartment space. This property is situated in Union County, Illinois, offering convenient access to local amenities and transportation routes. The property's versatile layout and existing infrastructure make it an attractive option for entrepreneurs seeking a ready-to-use commercial space or investors looking for a high-return opportunity. The property's location in Jonesboro provides a strategic advantage for businesses seeking a presence in this growing area. This is a rare opportunity to acquire a well-positioned commercial property with significant upside potential.

Property profile
Verified
Property type Warehouses
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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