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Property profile & analytics
OFF-MARKET
Office Spaces

1608 Lafayette St Jacksonville, IL 62650

Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a four-building office park totaling 20,729 square feet situated on six parcels in Jacksonville, Illinois. The property, located at 1608 W Lafayette Street, enjoys high visibility on a heavily trafficked street across from the Morgan County Fairgrounds. The four single-story buildings offer a mix of office spaces, including private offices, conference rooms, education rooms, and breakrooms equipped with kitchen sinks. Building sizes are 8,703 sq ft (1608 Lafayette), 5,703 sq ft (1606 Lafayette), 1,271 sq ft (1604 W Lafayette), and 5,052 sq ft (1602 Lafayette). Interior finishes are consistent throughout, featuring vinyl, ceramic tile, and carpet flooring; drywall walls; and drop tile and drywall ceilings. Each building (except the smallest) includes two restrooms, and all buildings benefit from forced warm air heating and central air conditioning. This well-maintained property presents a strong investment opportunity with significant potential for growth and return. The asking price is $1,300,000. The property's prime location and versatile space make it ideal for a variety of commercial uses.

Property profile
Verified
Property type Office Spaces
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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CAP Approach CAP
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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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