1001-1015 Main St Mendota, IL 61342
This exceptional 7,700 square foot mixed-use building is ideally situated at 1001-1015 Main Street in Mendota, Illinois, offering excellent visibility and exposure. Its convenient location is close to the downtown area and the Amtrak station, ensuring high traffic and accessibility. A portion of the building is currently configured as a fully operational medical office, making it perfectly suited for a variety of professional uses, including dental practices, law offices, insurance agencies, or general office spaces. The adaptable layout also presents opportunities for retail businesses. The property is currently leased to two tenants, providing immediate income potential for investors. This presents a unique opportunity to acquire a well-located, versatile commercial property in a thriving community. The building's size and layout offer significant flexibility for a single user or multiple tenants. The strong existing tenancy demonstrates the property's appeal and potential for continued success. This is an excellent investment opportunity for those seeking a high-visibility location with established income and significant growth potential. The property sits on a 0-acre lot. The asking price is $395,000.
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
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.