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Property profile & analytics
OFF-MARKET
Commercial real estate

18 Pike St Oakland, IL 61943-7198

0.05 ac lot
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US28-4345797
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.05 ac (2,178 SF)
APN 03-0-03008-000
UPID US28-4345797
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
Current use
Occupant on record · Public records
  • Dimond Bros. Insurance Oakland Branch Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Kyley Willison · 6 yrs held
Kyley Willison
since 2019
3 recorded transactions
2020
Price N/A
2019
$84,000
2018
$84,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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