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    OFF-MARKET
    Commercial real estate

    1001 Main St, Highland, IL 62249-1685

    10,676 SF 0.16 ac lot Built 1950
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US28-5918112
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a portfolio of fifteen commercial properties located at 1001 Main Street, Highland, Illinois, situated on a 0.16-acre lot at the northeast corner of the town square. The portfolio is being sold "as is," with the seller not undertaking any repairs prior to sale. The properties include seven office spaces, a gym, and three apartments, all benefiting from a shared laundry facility. Tenants are responsible for gas and electric utilities, while water is covered by the owner. A significant feature is a large, unfinished basement offering considerable potential for expansion or additional storage. The property boasts a recently installed roof (2024) and benefits from its high-traffic location in a prominent downtown area. This presents a unique chance to acquire a diverse and established commercial portfolio in a thriving Illinois community. The properties are offered at a price of $750,000. This is a turnkey investment opportunity for a savvy buyer looking for immediate returns and future development potential. The portfolio's diverse mix of commercial and residential units provides a stable income stream and a strong foundation for future growth. The "as is" condition allows for flexibility in renovation and modernization plans, tailoring the properties to meet specific market demands. The prime location on the town square ensures high visibility and accessibility, maximizing the potential for tenant attraction and business success.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1950
    Total area 10,676 SF
    Lot 0.16 ac (7,000 SF)
    APN 01-2-24-05-07-202-020
    UPID US28-5918112
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    My 3 Anns LLC · 3 yrs held
    My 3 Anns LLC
    since 2023
    Last sale
    $360,000
    4 recorded transactions
    2023
    $360,000
    2007
    $405,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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