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    Property profile & analytics
    OFF-MARKET
    Commercial land

    1600 State St, Jerseyville, IL 62052-3620

    0.57 ac lot
    Entity Owned Free & Clear
    Property ID
    US28-4598666
    Property summary
    AI-generated overview

    This exceptional Jerseyville property, located at 1600 S State St, 62052, offers a unique blend of retail, office, and restaurant opportunities. The single-story building boasts a total of 6,500 square feet of vacant space, strategically situated in the highly visible Jerseyville submarket. The flexible layout allows for multiple tenancy options, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 4,000 square feet. The property's zoning is commercial, making it suitable for a variety of uses. Three spaces are currently available. One space is nearly ready for immediate occupancy as a restaurant, featuring almost turnkey functionality. The remaining 4,000 square feet can be subdivided into smaller units of 2,000 square feet each, providing exceptional adaptability for various business needs. This prime location along S. State St. ensures high visibility and accessibility for your business. The property is ideal for medical offices, creative offices, or traditional office spaces, offering a versatile solution for diverse business requirements. This is a rare opportunity to secure a prominent space in a thriving Jerseyville commercial area.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.57 ac (24,829 SF)
    APN 04-208-095-00
    UPID US28-4598666
    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
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    Owner & transaction history
    DESHERLIA ENTERPRISES, LLC
    DESHERLIA ENTERPRISES, LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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