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    FOR SALE
    Commercial real estate

    1245 E Bluff St, Marseilles, IL 61341

    2,292 SF 0.31 ac lot Built 1956
    Individually Owned 11-yr Hold Free & Clear
    Property ID
    US28-4092571
    Property summary
    AI-generated overview

    This exceptional value-add investment opportunity presents a 2,500 square foot free-standing building situated on a 0.88-acre lot at 1245 E Bluff Street in Marseilles, Illinois, zip code 61341. The property is zoned for business and currently operates as a laundromat equipped with 20 washers and 20 dryers, offering immediate income potential. The building's strategic location ensures high visibility and accessibility, making it an ideal prospect for various retail ventures. The expansive lot size provides ample space for expansion or future development. This property is located in the thriving Marseilles area of La Salle County, Illinois, presenting a compelling opportunity for investors seeking a promising commercial asset in a dynamic market. The asking price for this turnkey operation and land is $250,000. This is a rare chance to acquire a well-established business with significant upside potential in a desirable location. The property's existing infrastructure and prime location offer a strong foundation for immediate returns and long-term growth. Don't miss this chance to secure a valuable commercial property in a vibrant Illinois market.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1956
    Total area 2,292 SF
    Lot 0.31 ac (13,504 SF)
    APN 24-18-421-044
    UPID US28-4092571
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Ralph S Wagner · 11 yrs held
    Ralph S Wagner
    since 2015
    2 recorded transactions
    2015
    $100,000
    2015
    $225,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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