117 Jackson St, Virden, IL 62690-1450
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.
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
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.