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Property profile & analytics
OFF-MARKET
Commercial real estate

111 Main St Alexis, IL 61412-5044

0.17 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US28-3740871
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.17 ac (7,392 SF)
APN 10-305-009-00
UPID US28-3740871
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
Current use
Occupant on record · Public records
  • Bart's Barber Shop. No appointment nessaryALL major credit cards accepted! Barber Shop
  • Jim's Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Morningside Alliance LLC · 3 yrs held
Morningside Alliance LLC
since 2023
5 recorded transactions
2023
Price N/A
2022
Price N/A
2022
Price N/A
2017
$15,000
2008
$17,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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