Property profile

120 S Main St Georgetown, IL 61846

FOR SALE
Commercial real estate
Property ID
US28-3027973
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This well-maintained, 1,092 square foot traditional office building is available for purchase at $149,000 ($136.45/sq ft). Located at 120 S Main St, Georgetown, IL 61846, this single-story, 1945-built property offers a convenient location within the Georgetown TIF District. The building features six parking spaces and includes a reception area, one office, one conference room, one break room, an air lock utility room, and two restrooms. The property is in excellent condition and is move-in ready. The current tenant will vacate on May 31, 2024, relocating to a new address in Tilton, IL. The building's strategic location benefits from an IDOT AADT of 5,200, making it suitable for a variety of uses, including office, medical, or retail businesses. The APN is 28-32-301-036. This presents a compelling opportunity for investors seeking a well-situated, immediately available commercial property in Vermilion County, Illinois. The property is ready for immediate occupancy by a new owner.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 28-32-301-036
UPID US28-3027973

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Insurance Agency

Location

120 S Main St Georgetown, IL 61846
Georgetown metro Census 11000 DANVILLE, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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