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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1102 Public Sq Jonesboro, IL 62952

Built 1950
Property ID
Property summary
AI-generated overview

This exceptional commercial property in Jonesboro, Illinois, presents a lucrative investment opportunity. Located at 1102 Public Square, 62952, this 1950-built property boasts a prime location within a high-traffic area, experiencing over 1200 vehicles daily. The land is currently leased, providing immediate income potential. The property includes a single building featuring a retail space on the ground floor and an upstairs apartment. While the apartment requires renovations, it offers significant potential for future development and increased rental income. The property's strategic location ensures high visibility and accessibility for businesses, making it an ideal investment for both seasoned investors and those seeking a promising entry point into the commercial real estate market. The asking price is $39,000. This established commercial rental property is ready for a new owner to capitalize on its existing income stream and unlock its considerable growth potential. The property's strong location and existing structure make it a compelling investment opportunity in a thriving community. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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