Property profile

1107 Poplar St Centralia, IL 62801

OFF-MARKET
Commercial real estate
Property ID
US28-4943154
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 1420002430
UPID US28-4943154

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1107 Poplar St Centralia, IL 62801-2349
Centralia metro Census 952700 CENTRALIA, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$35,000
4 recorded transactions
2024
$45,000
2024
Price N/A
2019
Price N/A
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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