Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

603 Broad St Jonesboro, IL 62952

  • Commercial real estate
  • 0.25 lot acres
Value Estimation
Location Intelligence
Property ID
US28-5053889
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

  • A J Video / Video Store

Property Details for 603 Broad St

Lot size
0.25 lot acres
Property type
Commercial real estate
APN
05-30-04-061
APU
53004061

Description

This exceptional commercial property, situated on a hill in the bustling town of Jonesboro, Illinois, presents a unique investment opportunity. The main building, formerly a grocery store, boasts an impressive 22,000 square feet of space. This expansive area includes well-appointed office space, a convenient break room, separate men's and women's restrooms, ample storage, a walk-in cooler, and a functional loading dock, making it ideal for a variety of businesses. A second building, slightly over 2,200 square feet, is currently leased to a long-term tenant, providing immediate and consistent rental income. The property also features a substantial paved parking lot equipped with lighting, ensuring convenient access and ample space for customers and employees. The high-traffic location guarantees excellent visibility and accessibility, making this property an attractive prospect for entrepreneurs and investors alike. The combined square footage of both buildings totals 21,696 square feet, offering significant flexibility and potential for expansion or diversification. This property is priced at $500,000 and presents a compelling opportunity to capitalize on a prime commercial location in a thriving community. The property sits on a lot with no acreage listed.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $245,000
  • CAP approach

    CAP return
    Estimation
    6%
    $245,000
    6.5%
    $230,000
    7%
    $235,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $245,000
    Geo Method
    $215,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $280,000
    Retail
    $265,000
    Mixed-Use
    $255,000
    Hospitality
    $250,000
    Educational
    $260,000
    Residential Income
    $245,000
    Energy
    $250,000
    Income-Based Land
    $290,000
    Food Service
    $260,000

Location Insight

  • Map
  • Local Demand
City
Jonesboro
County
Union
State
Illinois
Longitude
-89.2835
Latitude
37.4353

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
2023
$3,442
$4,910
$40,610
$45,520
-
$14,730
$121,830
$136,560
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message