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    Property profile & analytics
    FOR SALE
    Commercial real estate

    1203 W Walnut St, Jacksonville, IL 62650

    0.3 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-4328661
    Property summary
    AI-generated overview

    This 5750-square-foot commercial warehouse building in Jacksonville, Illinois, presents a compelling investment opportunity. Built in 1981, the property is zoned B1 and currently operates as a multi-use space, including storage, workshop, and motorcycle repair areas. The building features a partitioned foyer/reception area with a bathroom and small office, a large finished shop space, and a large unfinished shop area. The reception area boasts acoustic ceiling tiles and fluorescent lighting. The shop area includes one large overhead door (three doors total) and three overhead mounted heaters. Asphalt parking is available at the front of the building, along with signage. The property is currently leased month-to-month for $1,000 per month. Detailed lease information will be provided during showings, which require 24-48 hours' notice. Legal descriptions, zoning, and restrictions from the previous sale, as certified by an appraiser, are available. This property offers significant potential for various uses, given the high demand for storage space in the area. Note that this property (1203 W Walnut Street) can be purchased as a package with the adjacent property (1205 W Walnut Street) for a combined price of $225,000. Both properties are owned by the same motivated seller.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.3 ac (13,068 SF)
    APN 09-18-413-038
    UPID US28-4328661
    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
    • vwbPhotography Photography Service (Bike/Boat/Book/etc) Store
    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
    Bland Family Farm LLC · 1 yrs held
    Bland Family Farm LLC
    since 2025
    Last sale
    $175,000
    3 recorded transactions
    2025
    $175,000
    2014
    $89,900
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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