114 E Market St, Colchester, IL 62326
For Sale
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This 1,750 square foot commercial building, located at 114 E Market Street in Colchester, Illinois, presents a fantastic opportunity for entrepreneurs and investors. The property has recently undergone a complete cleaning, making it move-in ready for immediate occupancy. Situated in a city with no zoning restrictions, this building offers unparalleled flexibility for a wide range of business ventures. The property is situated on a block that has experienced significant improvements in recent years, indicating a positive trend in the neighborhood's development. A new on-demand water heater was installed in 2024, ensuring efficient and modern utility systems. The building's spacious layout provides ample room for various business configurations. The asking price is $50,000, representing a compelling value for a property in a revitalizing area. The owner is also open to exploring rental options, providing additional flexibility for potential occupants. This is an exceptional chance to establish a business in a thriving community with minimal regulatory hurdles. Don't miss this opportunity to secure a prime commercial space in a rapidly improving location. Contact us today to schedule a viewing and explore the possibilities.
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.