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    416 Main St Greenfield, IL 62044

    • Commercial real estate
    • 0.08 lot acres
    For Sale
    View listing
    $26,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 416 Main St

    Lot size
    0.08 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a rare chance to own a triple-unit commercial property in the heart of Greenfield, Illinois' revitalization project. Situated on a 0.08-acre lot at 416 Main Street, this property offers significant potential for immediate and long-term returns. The building features three distinct units, offering flexibility for a variety of uses. The lower level comprises two interconnected units, each boasting a spacious dining room and sharing a convenient kitchen area. This setup is ideal for businesses requiring shared amenities or for a single entity seeking expansive space. The upper level provides a substantial six-room residence, complete with a living room, dining room, bedroom, eat-in kitchen, full bathroom, and a bonus room. This versatile upper unit could serve as owner-occupied space, additional rental income, or even be converted for a different commercial purpose. The property's location within the Greenfield Revitalization Project promises significant future growth and increased property value, making this a truly compelling investment at an attractive price point of $26,000. The square footage is not currently available, but the substantial size and layout of the units offer ample space for various commercial ventures. Don't miss this chance to be a part of Greenfield's exciting future.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Greene-IL
    State
    Illinois
    Longitude
    -90.2105
    Latitude
    39.3439

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    • Value Estimation by Request

      Greenfield, IL 62044

      COMMERCIAL (GENERAL)
      Greenfield, IL 62044
      View Details
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    416 Main St
    Greenfield, IL 62044
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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