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Property profile & analytics

23 Central Park Plz Jacksonville, IL 62650

  • Commercial real estate
  • 0.04 lot acres
Value Estimation
Last Sale
Jun 02, 2025
$165,000
Location Intelligence
Property ID
US28-3544993
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • On the Wall / Picture Frame Shop
  • Holly Cakes Bakery / Wedding Bakery / Bakery

Property Details for 23 Central Park Plz

Year built
1945
Lot size
0.04 lot acres
Property type
Commercial real estate
APN
09-20-255-001
APU
920255001

Description

This exceptional downtown Jacksonville property at 23 S Central Park Plaza presents a unique investment opportunity. The building boasts a total of 5,400 square feet situated on a 0.04-acre lot. The ground floor offers 1,600 square feet of commercial retail space, ideal for a variety of businesses looking to establish a presence in the revitalizing downtown area. Above the retail space, a comfortable and well-appointed two-bedroom, two-and-a-half-bathroom apartment provides additional income potential or owner occupancy. The third floor is currently unfinished, offering a blank canvas for creative expansion or customization to suit specific needs. Significant updates have been made to the property over the years, including a new roof, HVAC system, electrical wiring, and plumbing, ensuring peace of mind for the new owner. This property represents a rare chance to acquire a versatile commercial building in a prime downtown location with significant upside potential. The combination of established retail space, residential living quarters, and expansive unfinished space makes this an attractive option for both investors and owner-operators seeking a blend of income generation and future development possibilities. Don't miss this chance to be a part of Jacksonville's exciting downtown transformation. The asking price is $180,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $155,000
  • CAP approach

    CAP return
    Estimation
    6%
    $135,000
    6.5%
    $130,000
    7%
    $155,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $145,000
    Geo Method
    $125,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $125,000
    Retail
    $115,000
    Mixed-Use
    $135,000
    Hospitality
    $145,000
    Educational
    $150,000
    Residential Income
    $150,000
    Energy
    $130,000
    Income-Based Land
    $125,000
    Food Service
    $140,000

Location Insight

  • Map
  • Local Demand
City
Jacksonville
County
Morgan
State
Illinois
Longitude
-90.2297
Latitude
39.7335
CBSA code
27300
CBSA name
JACKSONVILLE, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,320
$1,000
$44,340
$45,340
-
$3,000
$133,020
$136,020
More about this property
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