Property profile

100 4th St Wapella, IL 61777

OFF-MARKET
Commercial real estate
Property ID
US28-4096046
2,000 SF 0.95 ac lot Built 2001
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This 2.32-acre commercial land parcel in Wapella, Illinois (APN 0703401006), is strategically located on US Highway 51 between Bloomington and Decatur. Boasting high visibility with approximately 10,000 vehicles passing daily, this Fee Simple property presents exceptional potential for various commercial ventures. Zoned R2, it offers ample space for development, including 18 existing parking spaces. Previously a successful nursery/flower shop, this site benefits from its established location and high traffic counts. The city of Wapella is actively seeking new businesses, making this an attractive opportunity for both large corporations and smaller enterprises. The property's address is 100 S 4th St, Wapella, IL 61777. This prime location offers a unique chance to establish a thriving business in a desirable area with strong growth potential. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2001
Construction FRAME
Total area 2,000 SF
Lot 0.95 ac (41,382 SF)
APN 07-03-401-006
UPID US28-4096046

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

100 4th St Wapella, IL 61777-9626
Wapella metro Census 971600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2019
1 recorded transaction
2019
$65,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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