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    Mixed-use properties

    11073 Il-1, Paris, IL 61944

    31,560 SF 4.01 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Paris, Illinois, featuring a three-building mixed-use property totaling 31,560 square feet on a 4.01-acre lot. This fee-simple ownership offers multiple income streams, currently operating at 75% occupancy. The property comprises three buildings constructed in 1973, 1987, and 2007, each with distinct tenants. The largest building (31,560 sq ft) houses a hardware store and an antique shop. A second building (5,512 sq ft, built in 1987) is fully leased to USDA and SCS. The third building (4,899 sq ft, built in 2007) is partially leased to Edward Jones. Additional income is generated from an ATM. The property boasts a 6.20% cap rate and a price per square foot of $31.69. The asking price is $1,000,000. Zoned for commercial use, this property presents a compelling opportunity for owner-users seeking a diversified income stream. Note that the existing business and inventory are available for separate purchase for an additional $1,000,000. The property's address is 11073 IL-1, Paris, IL 61944. The APN is 09-13-25-200-003.

    Property profile
    Verified
    Property type Mixed-use properties
    Total area 31,560 SF
    Lot 4.01 ac (174,676 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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