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Property profile & analytics
OFF-MARKET Estimated value $530,000
Commercial real estate

1611 Douglas Rd 1617 Montgomery, IL 60538-2162

13,900 SF Built 1995
Entity Owned 3-yr Hold Free & Clear
Property ID
US28-3130628
Property summary
AI-generated overview

Montgomery Center, located at 1611 Douglas Rd, Montgomery, IL 60538, presents a unique commercial real estate opportunity. This 13,900 square foot building, constructed in 1996, sits on 7.27 acres of land and offers flexible space ideal for a variety of uses. Currently, 10,740 square feet are vacant, divisible into units ranging from 1,300 to 9,440 contiguous square feet. The building features high 16-foot ceilings, ample parking with 112 spaces, and convenient access from Douglas Road and Route 30, a high-traffic area with 32,000 vehicles per day. The property is zoned B-2, allowing for diverse commercial ventures. Previously occupied by a gym, the vacant space is ready for immediate tenant improvements, eliminating the need for demolition. The large, open layout is well-suited for various businesses, including health clubs, medical offices, preschools, entertainment venues, or retail establishments. Two suites are available, providing options for both smaller and larger tenants. This property offers significant potential for a thriving business in a desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1995
Construction BRICK
Total area 13,900 SF
APN 03-04-226-089
UPID US28-3130628
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
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
$508k
Blend (final) Blend
$530k
Owner & transaction history
Montgomery Center Il LLC · 3 yrs held
Montgomery Center Il LLC
since 2022
Last sale
$550,000
2 recorded transactions
2022
$550,000
2002
$1.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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