114 Evans St Princeville, IL 61559-7562
This 7,281 square foot commercial building located at 114 E Evans Street in Princeville, Illinois, presents a unique investment opportunity. Situated in the heart of Princeville's business district, this property boasts a prime location with high visibility and accessibility. Previously operating as a grocery store, the building offers a wealth of adaptable space. A former deli area features existing build-outs, making it ideally suited for a restaurant conversion. The current cargo door provides ample opportunity for the installation of a loading dock, perfect for retail or distribution businesses. The building's robust construction lends itself to various uses, including multi-tenant occupancy. The substantial square footage allows for creative layouts and diverse business models. This property is a blank canvas for entrepreneurs and investors seeking a strong foundation for their next venture. Its central location within the thriving Princeville business district ensures high foot traffic and excellent exposure. The adaptable layout and solid structure offer significant potential for a variety of commercial uses, making it an exceptional investment opportunity. The asking price is $160,000. Don't miss this chance to acquire a versatile commercial property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.