11073 Il-1 Paris, IL 61944
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Mixed-use properties
Property Details for 11073 Il-1
- Lot size
- 4.01 lot acres
- Property size
- 31,560 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paris
- County
- Edgar
- State
- Illinois
- Longitude
- -87.6895
- Latitude
- 39.6734
