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    OFF-MARKET
    Office Spaces

    215 Main St, Port Byron, IL 61275

    9,237 SF 0.31 ac lot Built 2006
    Property ID
    Property summary
    AI-generated overview

    This exceptional Port Byron, IL investment opportunity presents two commercial condos totaling 2,870 rentable square feet on a 0.31-acre lot. The property, located at 215 & 219 N Main Street, features a 1,000 square foot unit with a long-term tenant under a recently renewed five-year lease, offering immediate income potential. The second unit, encompassing approximately 1,870 square feet, is a recently remodeled, move-in ready space ideal for medical offices, Class-A office space, or a variety of other uses. This unit boasts a reception area, multiple private entrances, bathrooms, five potential patient rooms or private offices, a kitchenette, washer/dryer hookups, and ample storage. Both units enjoy stunning Mississippi River views and are conveniently located within walking distance of local restaurants and shops. The property includes 20 parking spaces, zoned C-2, and built in 2006. The combined property offers a unique blend of established rental income and flexible, high-quality office space, making it an attractive investment opportunity. The property's prime location and versatile layout provide significant potential for future growth and appreciation. 24-hour notice is required for showings. APN: 04-25-123-001. Asking price: $358,000.

    Property profile
    Verified
    Property type Office Spaces
    Year built 2006
    Total area 9,237 SF
    Lot 0.31 ac (13,504 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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