501 Main St Fairfield, IL 62837
- Commercial real estate
- 4,300 SF
- 0.30 lot acres
Current Use by Public Records
- Community Care Systems, Inc. / Home Help
- Help at Home / Home Health Care Service
Property Details for 501 Main St
- Lot size
- 0.30 lot acres
- Property size
- 4,300 SF
- Property type
- Commercial real estate
Description
This exceptional 4,300 square foot commercial building, located at 501 W Main Street in Fairfield, Illinois, presents a compelling investment opportunity. Situated on a 0.3-acre lot in the heart of downtown, this well-maintained property boasts a spacious reception area, numerous offices of varying sizes, a dedicated conference room, a convenient kitchen, and handicap-accessible restrooms. Ample storage space is available throughout the building, complemented by a large attic offering additional potential for expansion or storage. The property's versatility makes it suitable for a wide range of commercial uses, from professional offices to retail spaces. Currently leased, the building offers a stable income stream with a renewable lease agreement in place, commencing June 1st, 2024, and expiring May 31st, 2027. The sale is contingent upon the existing lease terms. Please note that certain office furniture and supplies owned by the current tenant are excluded from the sale
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Wayne
- State
- Illinois
- Longitude
- -88.3659
- Latitude
- 38.3797
