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Property profile & analytics
OFF-MARKET
Commercial real estate

1111 State St Lawrenceville, IL 62439

0.12 ac lot Built 1900
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Lot 0.12 ac (5,227 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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