144 Editor St Ashland, IL 62612-7532
This 1,608 square foot commercial building presents a unique opportunity for investors and developers. Located in the heart of downtown Ashland, Illinois, this property is being offered "as is" and is ideal for a complete rehabilitation project. The building itself offers substantial square footage ripe for modernization and creative repurposing. Its central downtown location provides excellent visibility and accessibility, making it suitable for a variety of commercial uses. The property also includes a vacant lot, adding significant potential for expansion or future development. This combination of building and land provides a rare chance to acquire a substantial footprint in a desirable downtown area at an attractive price point. The existing structure requires significant renovation, offering a blank canvas for a buyer with vision. The "as is" sale condition allows for flexibility in planning and execution of the renovation. This property is perfect for those seeking a hands-on project with high potential for return on investment. The combination of building and vacant lot offers a unique opportunity to create a significant commercial presence in Ashland's vibrant downtown. Serious inquiries only. The property is priced to sell and represents a compelling opportunity in the Ashland commercial real estate market.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.