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    OFF-MARKET
    Commercial real estate

    117 Jackson St, Virden, IL 62690-1450

    0.12 ac lot
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-0886678
    Property summary
    AI-generated overview

    This exceptional Virden, Illinois property at 117 E JACKSON Street presents a unique investment opportunity. Listed at $98,000, this mixed-use building offers a versatile main floor space perfect for a variety of commercial ventures. The open layout allows for customization to suit diverse business needs. Adding to the income potential are three one-bedroom apartments located on the upper level, along with a separate storage unit. This provides a strong rental income stream. Recent upgrades enhance the property's value and efficiency. A new water heater was installed in 2024. The main floor features modern air conditioning and ventless heating systems. Upstairs units are equipped with window air conditioners and electric baseboard heating. Utility responsibilities are clearly defined: the owner covers gas, water, and trash removal, while tenants are responsible for their electricity. Located in Macoupin County, Illinois, with a zip code of 62690, this property is situated at 39.5018622 latitude and -89.7672752 longitude. This is a five-unit property, combining commercial and residential space, making it an attractive investment for those seeking a blend of income streams and potential for business growth. The property is classified as Land, Multifamily, and Retail. Don't miss this chance to own a thriving commercial building with significant rental income potential.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.12 ac (5,346 SF)
    APN 08-000-446-00
    UPID US28-0886678
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    Joseph W Langley · 1 yrs held
    Joseph W Langley
    since 2025
    2 recorded transactions
    2025
    2022
    $39,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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