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    OFF-MARKET
    Office buildings

    123 Oak St, Watseka, IL 60970-1910

    Individually Owned Free & Clear
    Property ID
    US28-4122798
    Property summary
    AI-generated overview

    This exceptional 2,176 square foot commercial property located at 123 W Oak Street in Watseka, Illinois presents a unique investment opportunity. Previously operating as a restaurant, this versatile space offers a multitude of possibilities for a new business owner. The existing layout includes a spacious dining area, a fully equipped kitchen, and two separate office spaces, ideal for administrative functions or additional revenue streams. Ample storage is available throughout the building, catering to the needs of various business types. A significant advantage is the expansive parking lot, ensuring convenient access for customers and employees. The property's prime location in Watseka offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The building's adaptable design allows for the potential to subdivide the space and lease a portion to another tenant, generating additional income. This presents a compelling opportunity to establish a thriving business or create a diversified investment portfolio. The asking price of $124,900 makes this a highly competitive offering in the Watseka commercial real estate market. Don't miss this chance to secure a valuable asset with significant upside potential. The property is situated on a lot with no acreage listed.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    APN 19 32 412 001
    UPID US28-4122798
    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
    • McKennaVision Computer & Electronic Repair
    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
    Robert L Tincher
    Robert L Tincher
    since 2025
    Last sale
    $80,000
    2 recorded transactions
    2025
    $80,000
    2023
    $142,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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