609 8Th Ave Mendota, IL 61342
- Commercial real estate
- 4,400 SF
- 0.43 lot acres
Current Use by Public Records
- Midland States Bank ATM / Atm
- Michael G. Bokus Attorney/Cpa / Law Firm
- Midland States Bank / Loan Agency / Mortgage Broker
- Timothy G Munson Law Office / Attorney
- Terra Securities Corporation / Stock Broker / Accounting
Property Details for 609 8Th Ave
- Year built
- 1982
- Lot size
- 0.43 lot acres
- Property size
- 4,400 SF
- Property type
- Commercial real estate
- APN
- 01-33-310-028
- APU
- 133310028
Description
This exceptional single-tenant executive office space, located at 609 8th Ave in Mendota, Illinois, presents a fantastic opportunity for businesses seeking a prominent location. The property boasts a total building size of 4,501 square feet, with a substantial 3,874 square feet currently available for lease. Situated in a convenient location within the vibrant city of Mendota (zip code 61342), this ground-level (one-story) building offers easy access and ample space for a variety of professional uses. The property is classified as both retail and office space, making it versatile and adaptable to different business needs. The single-tenant occupancy ensures privacy and control over the entire leased area. This is an ideal space for businesses seeking a well-maintained, readily available office environment in a thriving Illinois community. The property's strategic location provides excellent visibility and accessibility, making it an attractive option for companies looking to establish or expand their presence in the Mendota area. With its generous square footage and prime location, this property offers a unique opportunity for growth and success. Interested parties are encouraged to inquire for further details and scheduling a viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $250,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $285,000
- Mixed-Use
- $255,000
- Hospitality
- $255,000
- Educational
- $280,000
- Residential Income
- $260,000
- Energy
- $290,000
- Income-Based Land
- $265,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Mendota
- County
- Lasalle
- State
- Illinois
- Longitude
- -89.1195
- Latitude
- 41.5473
- CBSA code
- 36837
- CBSA name
- OTTAWA, IL MICROPOLITAN STATISTICAL AREA
