215 Main St, Port Byron, IL 61275
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.