107 Lincoln St Smithton, IL 62285
- Commercial real estate
- 1.57 lot acres
Current Use by Public Records
- Cypress Healthcare / Home Health Care Service
Property Details for 107 Lincoln St
- Lot size
- 1.57 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.57-acre commercial property located at 107 S Lincoln Street in Smithton, Illinois, presents a unique investment opportunity. Previously utilized as a nursing home, the building is currently vacant, offering a blank canvas for a variety of redevelopment projects. The substantial lot size provides ample space for expansion or the addition of complementary structures. The Village of Smithton is actively engaged in facilitating the process for potential buyers seeking rezoning, demonstrating a commitment to supporting economic growth and development within the community. This presents a significant advantage for prospective investors looking to capitalize on the property's potential. The building's history as a nursing home suggests a robust infrastructure, potentially reducing initial renovation costs depending on the intended use. The property's location in Smithton offers access to local amenities and transportation networks, further enhancing its appeal. This is an ideal opportunity for entrepreneurs and developers seeking a prime location with the potential for significant return on investment. The asking price of $195,000 reflects the property's considerable potential and the collaborative approach offered by the Village of Smithton. Serious inquiries are encouraged to explore the possibilities of this remarkable property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Smithton
- County
- St Clair-IL
- State
- Illinois
- Longitude
- -89.99487
- Latitude
- 38.4077
