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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    116 Main St, Lacon, IL 61540-1414

    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-4469538
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 04-26-483-027
    UPID US28-4469538
    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
    • Marshall County Title Co Title Company
    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
    MEIERKORD BRIAN JUSTIN TRUST
    MEIERKORD BRIAN JUSTIN TRUST
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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