123 Oak St, Watseka, IL 60970-1910
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.
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McKennaVision Computer & Electronic Repair
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.