501 Main St Fairfield, IL 62837
This exceptional downtown Fairfield, IL commercial property presents a unique investment opportunity. Priced at $180,000, this well-maintained 4,300 square foot building boasts a versatile layout ideal for a variety of businesses. The property features a spacious reception area, multiple offices of varying sizes to accommodate diverse needs, a dedicated conference room perfect for meetings and presentations, a convenient kitchen, and handicap-accessible restrooms ensuring inclusivity. Ample storage space is available throughout the building, complemented by a large attic offering additional potential for expansion or storage. The building is currently leased, providing immediate cash flow. The existing lease agreement, renewable, commences June 1st, 2024, and expires May 31st, 2027. The sale is contingent upon the existing lease terms. Please note that some office furniture and supplies owned by the current tenant are excluded from the sale; however, all other office furniture is included in the purchase price. This property is located at 501 W MAIN Street, Fairfield, IL 62837, offering excellent visibility and accessibility within the heart of the city. This is a rare opportunity to acquire a profitable, established commercial property in a thriving downtown location. Don't miss out on this chance to secure a valuable asset with significant potential for growth and return on investment.
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Community Care Systems, Inc. Home Help
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Help at Home Home Health Care Service
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
Similar Nearby for Sale
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.