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    Property profile & analytics
    OFF-MARKET
    Commercial land

    1102 Main St, West Frankfort, IL 62896-1482

    Individually Owned Free & Clear
    Property ID
    US28-4480868
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1102 West Main Street in West Frankfort, Illinois, presents a significant redevelopment opportunity. The 0.55-acre lot encompasses a 1,522 square foot building, previously used as a convenience store and gas station, featuring a canopy. The property boasts a prime location on IL Route 149 (West Main Street), near the southeast quadrant of the I-57 interchange, ensuring high visibility and accessibility. Built in 1990 and renovated in 1990, the single-story structure sits on a 24,000 square foot lot, offering ample space for various commercial ventures. The asking price is $170,000, translating to a land value of $7.08 per square foot. The property is zoned for commercial use and benefits from its location within a Tax Increment Financing (TIF) district and Enterprise Zone, providing potential tax advantages. Parcel numbers are 11-24-329-001 and 11-24-329-002. This property is ideal for entrepreneurs seeking a high-traffic location for commercial redevelopment in a thriving area. The property's strategic positioning near the I-57 interchange makes it an attractive investment for businesses seeking maximum exposure and convenient access for customers. The existing building provides a solid foundation for a variety of commercial uses, offering significant potential for return on investment.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    APN 1219412001
    UPID US28-4480868
    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
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    Blend (final) Blend
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    Owner & transaction history
    ANGELA SMITH
    ANGELA SMITH
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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