1203 W Walnut St, Jacksonville, IL 62650
For Sale
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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.
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vwbPhotography Photography Service (Bike/Boat/Book/etc) Store
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
Similar Nearby for Lease
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.