Property profile

1217 Main St Olney, IL 62450

OFF-MARKET
Office Spaces
2,300 SF
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Property summary

AI-generated overview

This exceptional executive office space in Olney, Illinois, offers a total of 2,300 square feet currently available for lease. Located at 1217 E Main St, 62450, this property presents a fantastic opportunity for businesses seeking flexible and modern office solutions. The building is configured to accommodate multiple tenants, with spaces ranging from a minimum of 300 square feet to a maximum contiguous space of 2,000 square feet. This allows for scalability to suit various business needs, from small startups to larger established companies. The entire 2,300 square feet is currently vacant, providing immediate occupancy for a single tenant or the opportunity to divide the space among multiple tenants. Situated in Richland County, this property benefits from a convenient location within Olney, offering easy access to local amenities and transportation networks. The property type is classified as an office building, specifically designed for executive office use, ensuring a professional and efficient work environment. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure high-quality office space in a desirable location.

Property profile

Verified
Property type Office Spaces
Total area 2,300 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1217 Main St Olney, IL 62450
Olney metro
Google Maps

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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