4575 State Rte 146 Hwy Makanda, IL 62920
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 4575 State Rte 146 Hwy
- Year built
- 1979
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional investment opportunity in Anna, Illinois, presents a unique blend of commercial and residential income streams. Located at 4575 E State Route 146 Highway, this property boasts a substantial 4,000 square feet of retail space, currently generating consistent income. The building, constructed in 1979, also includes three fully rented apartments, further enhancing the property's profitability. The existing retail space offers significant potential for expansion and customization, allowing for a wide range of business ventures. The property sits on a sizable land parcel, providing ample room for future growth and development. Adding to its appeal, this property is situated within a Tax Increment Financing (TIF) district, offering potential future incentives for development and expansion. The asking price for this turnkey investment is $250,000. This property represents a rare chance to acquire a well-established, income-producing asset with considerable upside potential in a thriving community. The combination of retail and residential income streams provides a diversified and stable investment opportunity. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Makanda
- County
- Union
- State
- Illinois
- Longitude
- -89.2277
- Latitude
- 37.5723
