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Property profile & analytics
OFF-MARKET
Office Spaces

501 Main St Fairfield, IL 62837

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
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
Current use
Occupant on record · Public records
  • Community Care Systems, Inc. Home Help
  • Help at Home Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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