90 Oak St Jonesboro, IL 62952
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.
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
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.