Property profile

103 State St Nokomis, IL 62075

OFF-MARKET
Commercial real estate
Property ID
US28-4447858
1,260 SF Built 1896
Individually Owned 7-yr Hold Free & Clear
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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

Location

103 State St Nokomis, IL 62075-1341
Nokomis metro Census 957300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2019
Last sale
$50,000
3 recorded transactions
2019
$30,000
2016
Price N/A
2006
$17,500

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
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