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Property profile & analytics
OFF-MARKET
Commercial real estate

10 Pike St Oakland, IL 61943

0.1 ac lot
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US28-3621816
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.1 ac (4,356 SF)
APN 03-0-02952-000
UPID US28-3621816
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Women & Child First Dental Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jerry W Willison · 21 yrs held
Jerry W Willison
since 2005
4 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2005
$25,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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