Property profile

102 Main St Albany, IL 61230

OFF-MARKET
Commercial real estate
Property ID
US28-3047151
0.35 ac lot
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional mixed-use property at 102 N. Main St, Albany, IL 61230, presents a rare investment opportunity. The 6,540 square foot building, constructed in 1871, sits on a 0.35-acre lot and boasts 100% occupancy. The property features a fully functional restaurant space complete with kitchen equipment and dining furniture, generating immediate income. A separate, income-producing three-bedroom, two-bathroom apartment adds to the property's value. A detached two-car garage with a rooftop deck provides additional space and potential. The main building has a recently installed new metal roof. The asking price is $180,000, translating to $27.52 per square foot. This prime location offers convenient access to nearby amenities, including the Cordova Dragway (5 minutes away), Wild Rose Casino and Hotel (15 minutes away), and the Quad Cities (15 minutes away). The property's versatility allows for continued operation as is, or presents significant potential for redevelopment or alternative uses. Fourteen parking spaces are available on the property. This is a unique chance to acquire a historic, income-generating property with substantial upside potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.35 ac (15,072 SF)
APN 624377001
UPID US28-3047151

Cap rate & NOI

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

Location

102 Main St Albany, IL 61230-7708
Albany metro Census 400 STERLING, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2025
Last sale
$115,000
6 recorded transactions
2025
$115,000
2020
$110,000
2020
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 102 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message