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    OFF-MARKET
    Commercial real estate

    107 Lincoln St, Smithton, IL 62285

    1.57 ac lot
    Property ID
    US28-1369635
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.57 ac (68,389 SF)
    UPID US28-1369635
    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
    Current use
    Occupant on record · Public records
    • Cypress Healthcare Home Health Care Service
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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