1102 Main St, West Frankfort, IL 62896-1482
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.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.