1107 Poplar St, Centralia, IL 62801-2349
This 2,560 square foot commercial building in Centralia, IL, presents a compelling investment opportunity. Previously used as an auto body repair shop, the property boasts a spacious garage area with overhead doors, ideal for various commercial uses. The building sits on a 0.04-acre lot and features a durable slab foundation. Ample overhead storage is available in the attic space, and the floors are a mix of tile, vinyl, and concrete, offering practicality and durability. The interior includes a convenient half-bath, two well-appointed offices, and several recent updates, enhancing its functionality and appeal. Currently generating a stable income stream with a lease in place at $950 per month, the lease agreement extends until February 2025, providing a predictable return on investment for the foreseeable future. The property's versatile layout and existing infrastructure make it suitable for a range of commercial ventures, offering significant potential for future growth and profitability. This is an excellent chance to acquire a well-maintained, income-producing property in a desirable location. The combination of a strong lease and the building's inherent features makes this an attractive investment opportunity. The property is priced at $59,500.
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
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.