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Property profile & analytics
OFF-MARKET
Commercial real estate

108 Saint Louis St Lebanon, IL 62254-1667

3,442 SF 0.25 ac lot Built 1878
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US28-2328023
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1878
Construction WOOD
Total area 3,442 SF
Lot 0.25 ac (10,890 SF)
APN 05-19-0-405-002
UPID US28-2328023
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Papa Johns Clubhouse LLC · 5 yrs held
Papa Johns Clubhouse LLC
since 2021
Last sale
$140,000
4 recorded transactions
2021
$140,000
2021
$140,000
2020
$25,000
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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