1111 State St Lawrenceville, IL 62439
This exceptional 0.12-acre commercial lot presents a remarkable investment opportunity in the thriving town of Lawrenceville, Illinois. Located at the prominent 1111 State Street address, this property offers significant potential for a variety of commercial ventures. The generous 0.12-acre parcel provides ample space for development, allowing for flexibility in design and construction to suit specific business needs. Its strategic location on State Street ensures high visibility and accessibility, attracting significant foot traffic and potential customers. The asking price of $199,000 represents a competitive entry point into the Lawrenceville commercial real estate market, making this an attractive proposition for both established businesses seeking expansion and entrepreneurs looking to establish a new presence. The property's zoning classification (not specified in provided data) will need to be verified by the prospective buyer to ensure compatibility with their intended use. Given its size and location, this lot is ideally suited for a range of commercial applications, from retail spaces and offices to smaller-scale industrial uses. Serious inquiries are encouraged to explore the possibilities and secure this prime commercial property in a dynamic and growing community. Further due diligence is recommended to confirm all aspects of the property's suitability for the intended purpose. The absence of square footage information in the provided data requires independent verification.
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
Similar Nearby for Sale
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.