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Property profile & analytics
OFF-MARKET
Land

628 Main St Monmouth, IL 61462

0.78 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.78-acre commercial land parcel presents a unique investment opportunity in Monmouth, Illinois. Located at 628 S Main St, this property boasts high visibility and convenient access, situated directly on a major thoroughfare. The asking price is $290,000. While the land itself is 0.78 acres, the sale includes two existing buildings. One building offers approximately 5,040 square feet of office space, ideal for a variety of commercial uses. The second building, located directly north of the first, provides an additional 11,596 square feet of space, significantly expanding the potential uses and revenue streams. The combined square footage of the two buildings offers substantial space for expansion, redevelopment, or continued operation. This property's prime location in Monmouth, IL, zip code 61462, offers excellent exposure to high traffic volume, making it an attractive proposition for businesses seeking a strong presence in the community. The county is Warren County (17187). The coordinates are 40.9056741 latitude and -90.6488481 longitude. This is a rare opportunity to acquire a substantial commercial property with significant development potential in a desirable location. Serious inquiries are encouraged.

Property profile
Verified
Property type Land
Lot 0.78 ac (33,977 SF)
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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