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Property profile

2001 15Th St Lawrenceville, IL 62439

OFF-MARKET
Retail properties & Spaces
9,978 SF 1.12 ac lot Built 1958

Property summary

AI-generated overview

This exceptional 9,978 square foot retail property, located at 2001 Fifteenth St in Lawrenceville, Illinois, presents a compelling investment opportunity. Built in 1958, this single-story building sits on a generous 1.12-acre lot and is zoned B-3, offering significant flexibility for a variety of commercial uses. The property boasts ample parking, with approximately 36,870 square feet available, providing convenient access for customers and employees. Recent upgrades include a new 3-phase electrical service entry installed in 2013 and a new HVAC system, also implemented in 2013, ensuring efficient and reliable operation. The asking price is $260,000, translating to a price per square foot of $26.06. Strategically located in the county seat of Lawrence County, this property benefits from high visibility and convenient access to local amenities and a strong customer base. The building's substantial size and versatile zoning make it ideal for a range of retail businesses seeking a well-maintained and updated space in a thriving community. This is a rare opportunity to acquire a significant retail asset in a desirable location at an attractive price point.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1958
Total area 9,978 SF
Lot 1.12 ac (48,787 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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