Property profile

200 Main St Roanoke, IL 61561

OFF-MARKET
Land
2.37 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2.37-acre commercial land parcel presents a unique investment opportunity in Roanoke, Illinois. Strategically located at 200 N. Main Street, this property boasts high visibility on the town's main thoroughfare, extending from E. Husseman Street almost to Elm Street. Its central location offers easy access to Route 24, a major route connecting Peoria to Chicago, placing your business within convenient reach of a larger market. The area is served by well-maintained streets, eliminating traffic congestion, and benefits from readily available city water and sewer services. Surrounding businesses include a diverse range of establishments, such as a pizza place, feed store, grocery store, car dealership, bakery, concrete products company, and a farm supply store, indicating a strong local economy and established community. The property's size and location make it suitable for a variety of commercial ventures. The Roanoke Village Board actively supports new businesses, creating a welcoming environment for entrepreneurs. Furthermore, Roanoke benefits from a dependable workforce encompassing both blue-collar and white-collar professionals, providing a solid foundation for business growth and success. This is a rare chance to acquire a prime commercial site in a thriving Illinois community. The asking price is $95,000. The property is zoned for commercial use (verification required).

Property profile

Verified
Property type Land
Lot 2.37 ac (103,237 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

200 Main St Roanoke, IL 61561
Roanoke metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 200 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message