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Property profile

416 North St Grayville, IL 62844

OFF-MARKET
Office Spaces
1,360 SF 1.06 ac lot
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Property summary

AI-generated overview

This exceptional commercial property, located at 416 East North Street in Grayville, Illinois, presents a unique investment opportunity. The property boasts a total of 1,360 square feet of office space spread across two buildings, situated on a generous 1.06-acre lot. Its convenient location near Bonpas Creek and the Grayville boat ramp at the Wabash River oxbow offers significant potential for various commercial ventures. The property is zoned for commercial use, providing flexibility for a range of businesses. Included in the sale are existing trade fixtures and business-related items, ideal for a buyer looking to establish a business immediately. The property's proximity to the river and recreational areas also makes it an attractive option for those seeking a location for outdoor-related businesses or a private fishing camp. The asking price for this versatile property is $95,000. The property's zip code is 62844, and its county is 17193. This is a rare opportunity to acquire a well-situated commercial property in a desirable location. The property's size and zoning provide ample room for expansion or adaptation to suit a variety of business needs. Don't miss this chance to own a piece of Grayville's commercial landscape.

Property profile

Verified
Property type Office Spaces
Total area 1,360 SF
Lot 1.06 ac (46,174 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

416 North St Grayville, IL 62844
Grayville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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