108 Saint Louis St Lebanon, IL 62254-1667
This exceptional commercial property, located at 108 E Saint Louis Street in historic Lebanon, Illinois, presents a remarkable investment opportunity. The building encompasses over 5,514 square feet and sits on a sizable 0.25-acre corner lot, ensuring maximum visibility and accessibility for any business. Recent upgrades significantly enhance its value and functionality. These improvements include a brand-new roof, replacement windows, meticulous tuck-pointing, a newly installed gas and oil separator, and plumbing that's now connected to the main sewer line. The property benefits from convenient access to all public utilities. Its prime location on a high-traffic corner makes it ideal for a diverse range of commercial ventures, including retail establishments, office spaces, or mixed-use developments. The vibrant and growing community of Lebanon offers a strong foundation for business success. This property is being sold in "AS IS" condition. The substantial square footage, coupled with the strategic location and recent renovations, makes this an unparalleled chance to establish a thriving business in a desirable area. Don't miss this opportunity to capitalize on this exceptional commercial space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.