111 Main St Alexis, IL 61412-5044
This exceptional commercial property, located at 111 N Main Street in the heart of Alexis, Illinois, presents a unique investment opportunity. The building boasts a substantial 2,400 square feet of space, spread across two stories. The main level, currently vacant, offers significant potential for a variety of commercial ventures. Imagine transforming this space into the thriving business you've always envisioned. Upstairs, a 1200 square foot, two-bedroom apartment provides additional income potential through rental or could be renovated for personal use. The building's solid brick construction speaks to its durability and longevity. The property sits on a 0.17-acre lot, providing ample space. Currently, utilities are not connected. Priced affordably at $11,500, this property requires vision and some work, but the potential return on investment is substantial. This is a rare chance to acquire a prime commercial space in a desirable location at an exceptionally competitive price. Don't miss this opportunity to shape the future of this building and the Alexis community. The building's location on Main Street ensures high visibility and accessibility, making it an ideal spot for a variety of businesses. The combination of commercial space and a residential apartment offers flexibility and diverse income streams. Serious inquiries are encouraged.
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Bart's Barber Shop. No appointment nessaryALL major credit cards accepted! Barber Shop
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Jim's Barber Shop Barber Shop
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
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.