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Property profile & analytics

1602 Main St Benton, IL 62812

  • Commercial real estate
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-4469964
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Vocational Rehabilitation Division / Social Services Organization
  • Franklin County Welfare Department / Social Services Organization
  • Franklin County Department of Human Services / Social Services Organization

Property Details for 1602 Main St

Property type
Commercial real estate
APN
807177008
APU
807177008

Description

This exceptional commercial property, located at 1602 N MAIN Street in Benton, Illinois (zip code 62812), presents a unique investment opportunity. Currently configured as an executive office space, this property is situated on a sizable land parcel and is ideally suited for a variety of commercial uses. The building is currently under a five-year lease, expiring October 25th of an unspecified year. The asking price for this turnkey operation is $595,000. The property's location in Benton, Franklin County, Illinois offers excellent access to local amenities and transportation networks. The precise building size and specifications are not currently available. This property is classified as both commercial and executive office space, and has also been used for government purposes. Given its current lease, this presents a strong passive income stream for an investor, with potential for future development or repositioning upon lease expiration. The property's address is easily accessible and visible from Main Street, providing excellent visibility for any business. Further due diligence is recommended to fully assess the property's potential and suitability for your specific needs. Interested parties should conduct their own independent investigation to verify all aspects of the property and its current lease agreement. This is a rare opportunity to acquire a well-located commercial property in a growing Illinois market.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Benton
County
Franklin
State
Illinois
Longitude
-88.9195
Latitude
38.0174

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,272
$21,005
$187,035
$208,040
-
$63,015
$561,105
$624,120
More about this property
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