1001 Main St, Highland, IL 62249-1685
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.