103 State St, Nokomis, IL 62075-1341
This exceptional commercial property located at 103 E State Street, Nokomis, Illinois, presents a unique opportunity for an immediate business launch. Priced affordably at $65,000, this turnkey operation includes a fully equipped tanning salon occupying a 0.04-acre lot. The building boasts six individual rooms, perfectly configured for a variety of tanning services. Specifically, the property features three traditional tanning beds, one stand-up tanning booth, and one automatic spray tanning booth, catering to diverse client preferences. Further enhancing the business potential is the inclusion of a dedicated massage pod, adding a valuable supplementary service. The building's layout is highly functional, incorporating a welcoming reception area for client interaction, a convenient storage closet for supplies, a practical laundry area complete with washer and dryer, and a well-appointed bathroom. This established business is ready for immediate operation, eliminating the need for extensive setup and allowing for a swift transition into ownership. The property's excellent condition and comprehensive equipment make it an attractive investment for entrepreneurs seeking a profitable and established business venture. The asking price reflects a compelling opportunity in the thriving market of Nokomis, Illinois. This is a rare chance to acquire a fully operational business with minimal upfront investment.
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
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.