116 Main St, Lacon, IL 61540-1414
This exceptional Camp Grove, IL commercial property presents a unique investment opportunity. Located at 116 E Main Street, this 6,500 square foot lot encompasses two parcels (APN: 01-30-380-016 & 01-30-380-002) and features two buildings. The main structure boasts over 2,000 square feet of space, currently configured as a bar/tavern on the ground floor and an apartment on the second floor. All existing fixtures and furnishings will remain with the sale. An additional outbuilding, previously used as a smoking shed with a concrete floor, is also included. The property is zoned for commercial use and is being sold as-is; the seller will not be making any repairs prior to closing. Built in 1900, this property offers significant potential for redevelopment or continued operation as a multi-use commercial space. The property's location in Camp Grove, IL (zip code 61540) provides convenient access to local amenities and transportation. This is a rare opportunity to acquire a versatile commercial property with significant existing improvements and development potential. The sale includes all existing items within the buildings.
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Marshall County Title Co Title Company
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.