416 North St, Grayville, IL 62844
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.
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
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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.