10 Pike St Oakland, IL 61943
This exceptional 2,000-square-foot mixed-use commercial property is ideally located in the heart of downtown Oakland, Illinois, on the vibrant town square. Currently vacant, this adaptable space presents a unique opportunity for a variety of businesses. The modern aesthetics and ample square footage offer flexibility for diverse uses, from retail boutiques and tech hubs to cafes and other commercial ventures. Its central location provides easy access to local amenities and transportation, ensuring convenience for both employees and customers. The asking price is $62,000, translating to a price per square foot of $31. This property offers more than just commercial space; it provides a chance to become a vital part of the thriving Oakland community and establish a business in a dynamic urban setting. The property is situated at 10 N Pike St, Oakland, IL 61943, and boasts a prime location within Coles County. This is a remarkable opportunity to secure a well-positioned commercial space in a vibrant and growing Illinois town. The property's size and location make it an attractive investment for entrepreneurs seeking a strong foothold in the Oakland market. Don't miss this chance to establish your business in a location that embodies the energy and diversity of Oakland's downtown area.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.