18 Pike St Oakland, IL 61943-7198
This exceptional mixed-use property, located at 18 N Pike St in Oakland, Illinois, presents a compelling investment opportunity. The building encompasses a total of 1,872 square feet and is currently offered at an asking price of $62,000, translating to a price per square foot of $33.12. Its classification as mixed-use allows for a variety of potential business applications. Currently configured as office space, the property's central location on the bustling downtown square ensures high visibility and accessibility for customers and clients. Situated in Coles County, Illinois, with a zip code of 61943, this property benefits from its position within a vibrant and dynamic neighborhood, making it an ideal choice for entrepreneurs seeking a strong foothold in the Oakland market. The property's size and location offer significant potential for growth and return on investment. The address is easily accessible and benefits from high foot traffic, making it a desirable location for a range of businesses. Further details regarding the property's internal layout and potential uses are available upon request. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Illinois community.
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Dimond Bros. Insurance Oakland Branch Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.