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    1608 Lafayette St Jacksonville, IL 62650
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    1608 Lafayette St, Jacksonville, IL 62650

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    • Office Spaces
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Office Spaces

    Property Details for 1608 Lafayette St

    Property type
    Office Spaces
    Property subtype
    Land

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.2597
    Latitude
    39.7386
    More about this property
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