1102 Public Sq Jonesboro, IL 62952
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 1102 Public Sq
- Year built
- 1950
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Union
- State
- Illinois
- Longitude
- -89.2687
- Latitude
- 37.4519
