27195 Rte 3 Rd, Olive Branch, IL 62969
This exceptional commercial property, located at 27195 N ROUTE 3 Road in Olive Branch, Illinois, presents a fantastic business opportunity. Priced at $49,000, this versatile land parcel offers a combination of office and retail space, ideal for a variety of uses. The existing building features a recently installed HVAC system in one section, ensuring comfortable year-round operation. The flexible interior layout includes two separate rooms, allowing for independent businesses or a single, larger space. This presents a unique opportunity for entrepreneurs seeking a turnkey solution. Beyond the main building, the property also includes climate-controlled storage units, each renting for $300 per month, inclusive of utilities. This adds a significant revenue stream to the overall investment potential. The main building itself is currently generating rental income of $500 per month, plus utilities, providing immediate cash flow. Situated in Alexander County, Illinois, zip code 62969, this property boasts a convenient location with easy access to Route 3. The property's latitude and longitude coordinates are 37.168617 and -89.35674 respectively. Don't miss this chance to acquire a profitable and adaptable commercial property in a thriving Illinois market.
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.