Property profile

1551 Broadway St Beason, IL 62512

OFF-MARKET
Commercial real estate
Property ID
US28-3605200
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two side-by-side mixed-use buildings located on a prime corner lot in the heart of Beason, Illinois, at 1551 Broadway Street. Currently, the structures may require demolition, although the existing contents may possess some salvage value. The true asset lies in the substantial land itself, offering unparalleled potential for redevelopment. This property presents a blank canvas for a wide range of creative uses, limited only by the buyer's vision. The combined parcels are priced affordably at $3,000, representing a minimal financial risk for a significant land acquisition in a desirable location. Due to potential safety concerns, access is restricted, and independent showings are not permitted. Serious inquiries only, please contact the listing agent to schedule a viewing and discuss this unique opportunity further. The property is situated in a central location within Beason, offering excellent visibility and accessibility. The absence of existing structures allows for complete design freedom, making it ideal for new construction tailored to specific needs. This is a rare chance to acquire a substantial land holding in a growing community at an exceptionally low price point. The potential return on investment is significant, considering the prime location and the flexibility offered by the vacant lots. Don't miss this chance to shape the future of downtown Beason.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 04-306-007-00
UPID US28-3605200

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1551 Broadway St Beason, IL 62512
Beason metro Census 952900 LINCOLN, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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