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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

4575 State Rte 146 Hwy Makanda, IL 62920

Built 1979
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1979
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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