237 Locust St Centralia, IL 62801
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 237 Locust St
- Property type
- Commercial real estate
- APN
- 1400052835
- APU
- 1400052835
Description
This exceptional six-unit office building presents a compelling investment opportunity in the heart of Centralia, Illinois. Situated on a corner lot directly across from the Centralia Area Historical Society Museum, this 6,400 square foot property enjoys high visibility and excellent accessibility. Currently, two of the six units are occupied by tenants, providing immediate rental income. The building's central location offers easy access to local amenities, businesses, and the city's vibrant downtown area. This makes it an ideal investment for those seeking a stable income stream or a location for their own business. The property's size and layout offer flexibility for a variety of uses, allowing for potential expansion or adaptation to meet evolving market demands. The building's prime location and existing tenancy make it a particularly attractive proposition for investors seeking a strong return on investment. This is a rare opportunity to acquire a well-situated commercial property in a thriving downtown area. The building's solid construction and desirable location ensure long-term value and potential for appreciation. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is offered at $220,000.
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
- Centralia
- County
- Marion
- State
- Illinois
- Longitude
- -89.1346
- Latitude
- 38.5252
- CBSA code
- 16460
- CBSA name
- CENTRALIA, IL MICROPOLITAN STATISTICAL AREA
