108 Un Ave, Litchfield, IL 62056-1929
This exceptional commercial property, located at 108 W Union Avenue in Litchfield, Illinois, presents a unique investment opportunity. Situated on a 0.06-acre lot with high visibility on IL Rt. 16, this building previously served as a call center/office space. The building's versatile layout offers significant potential for a variety of commercial uses, allowing for creative adaptation to suit your specific business needs. Its prominent location ensures excellent exposure to a high volume of traffic, providing unparalleled visibility for your business. A key advantage is the interior access connecting this property to 415 N State Street, offering the possibility of expanding your footprint by acquiring the adjacent property. This presents a rare chance to secure a larger commercial space in a desirable location. A 2023 appraisal is available for review, providing detailed insights into the property's value and potential. Don't miss this chance to transform this building into a thriving commercial enterprise. The property is priced competitively at $32,000, making it an attractive investment opportunity. Contact us today to schedule a viewing and explore the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.