118 N 1St St, Girard, IL 62640
For Sale
1 / 2
This exceptional investment opportunity presents a substantial 5,368 square foot brick commercial building situated on eight lots in Girard, Illinois, at 118 N 1st Street. The property includes a metal outbuilding, both of which require repairs, presenting a unique chance for renovation and redevelopment. The property's history includes operation as Girard Ready Mix, suggesting potential for similar uses or adaptation to various commercial ventures. The irregular lot shapes are clearly detailed in the attached county plat. This listing encompasses seven distinct parcel IDs: 07-000-230-01, 07-000-899-00, 07-000-897-00, 07-000-893-00, 07-000-894-00, and 07-000-892-00. The substantial size of the building and the multiple lots offer considerable flexibility for a variety of commercial uses. Given the need for repairs, this property is ideally suited for an investor seeking a project with significant upside potential. The location in Girard provides access to local amenities and infrastructure. Detailed property information and the county plat are available upon request. This is a rare opportunity to acquire a large commercial property with significant land holdings in a growing community. The asking price is $49,900.
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.