102 Main St Smithton, IL 62285
- Commercial real estate
- 2,680 SF
- 0.69 lot acres
Current Use by Public Records
- A-C License & Title Service / Affordable Choice Insurance Brokers / Insurance Broker
- CJ’s Pub and Grill / Pub
Property Details for 102 Main St
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.69 lot acres
- Property size
- 2,680 SF
- Property type
- Commercial real estate
- APN
- 13-33-0-200-014
- APU
- 13330200014
Description
This exceptional mixed-use investment opportunity, located at 102 South Main Street in Smithton, Illinois, presents a compelling return on investment. The property, situated on a 0.31-acre lot and boasting 5,588 square feet, is a two-story building constructed in 1868 and renovated in 1950. Currently operating under B-1 zoning, it comprises five units: one commercial/office/retail space, two apartments (one 1-bedroom, one studio), and one single-family residence—all fully leased with long-term tenants, ensuring consistent cash flow. The building has undergone upgrades throughout its history. The asking price is $210,000, translating to a price per square foot of $37.58 and an attractive 8.60% cap rate, generating a net operating income (NOI) of $18,209. The property's APN is 13-33-.0-210-011. This fully leased investment property offers a stable income stream and significant potential for future appreciation, making it an ideal addition to any portfolio. The property's location in Smithton, IL (zip code 62285) provides convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Smithton
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9915
- Latitude
- 38.4097
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
