103 Main St, Sublette, IL 61367-9437
This 640-square-foot office building, located at 103 W Main Street in the heart of Sublette, Illinois, presents a fantastic opportunity for business owners or investors. Previously used as a beauty salon, the property boasts a convenient layout featuring both front and back entrances. The interior includes a service counter, ideal for client interaction, and a combined heating and air conditioning unit. Recent significant improvements totaling $18,000 have been made, encompassing a new steel roof, steel siding, and a replaced front wall with an overhang. Further upgrades include a new on-demand hot water heater and a remodeled bathroom. The entire building has been freshly painted. The property is ready for immediate occupancy, offering a turnkey solution for a variety of business ventures. Its central Sublette location ensures high visibility and accessibility. The absence of a lot (0 acres) indicates the building is situated on a smaller footprint, making it particularly suitable for a smaller business or professional office. This is a move-in ready space with significant recent investment in its upkeep and modernization. The asking price is $39,500.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.