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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    103 State St, Nokomis, IL 62075-1341

    1,260 SF Built 1896
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US28-4447858
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1896
    Total area 1,260 SF
    APN 08-23-116-004
    UPID US28-4447858
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Monica R Florence · 7 yrs held
    Monica R Florence
    since 2019
    Last sale
    $50,000
    3 recorded transactions
    2019
    $30,000
    2016
    2006
    $17,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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