605 Southline Rd Tuscola, IL 61953
- Commercial real estate
- 26,654 SF
- 1.15 lot acres
Current Use by Public Records
- Mandi Miller / Physical Therapist
- ATI Physical Therapy - Tuscola / Physical Therapy Clinic / Rehabilitation Center
- CF Physical Therapy / Physical Therapy Clinic / Pain Management Physician
- Mrs. Jessica Ray / Physician Assistant
Property Details for 605 Southline Rd
- Year built
- 1976
- Lot size
- 1.15 lot acres
- Property size
- 26,654 SF
- Property type
- Commercial real estate
- APN
- 09-08-02-100-00800
- APU
- 9080210000800
Description
This exceptional 37,619-square-foot retail property, located at 605 E Southline Rd in Tuscola, Illinois (zip code 61953), presents a unique investment opportunity. Formerly a thriving IGA grocery store, this single-story building offers a flexible layout suitable for multiple users. The property boasts a prominent location on Route 36/Southline Road, ensuring high visibility and easy access. With ample parking (430 spaces) and over 4 acres of land, this offering includes two parcels. The main building features open retail space in the front and shipping/receiving areas in the rear with two overhead dock doors. A 3,840-square-foot warehouse, currently divided into three storage units, is situated behind the main structure. The property is zoned B-1, Highway Business District, and was built in 1976. The asking price is $1,500,000, with a price per square foot of $39.87. The lease type is NNN, and the property is currently vacant. This property offers significant potential for a variety of retail businesses seeking a high-traffic location with excellent visibility and ample parking. The property's size and layout provide flexibility for various retail concepts. Its location near interstate access further enhances its appeal. This is a rare opportunity to acquire a well-maintained, substantial retail space in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $490,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $525,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $425,000
- Mixed-Use
- $550,000
- Hospitality
- $500,000
- Educational
- $505,000
- Residential Income
- $465,000
- Energy
- $535,000
- Income-Based Land
- $460,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Tuscola
- County
- Douglas
- State
- Illinois
- Longitude
- -88.2792
- Latitude
- 39.7907
