803 Broadway St Centralia, IL 62801
This exceptional investment opportunity in Centralia, IL, presents a prime commercial property at 803 E BROADWAY Street, situated on a high-traffic corner at the intersection of Lincoln and Broadway. Built in 1964, this property features a single building encompassing two distinct commercial units, offering flexibility for various business ventures. One unit boasts a spacious layout ideal for retail or office use, while the other includes a waiting room, reception area, exam rooms, kitchenette, and a large office – perfect for professional services. The possibility exists to combine both units into one expansive space by removing a dividing wall. The property benefits from excellent visibility, easily seen from the nearby railroad tracks and directly across from a McDonald's restaurant, ensuring high foot traffic and brand recognition. A digital marketing sign is included in the sale, providing an additional marketing advantage. This 1964-built property is located in Marion County, Illinois, zip code 62801, and presents a rare chance to own a well-positioned commercial property in a bustling area. The asking price is $119,900.
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
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