1551 Broadway St, Beason, IL 62512
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.