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Property profile & analytics
OFF-MARKET Estimated value $260,000
Commercial real estate

2 Riv Run Downs, IL 61736-7801

0.2 ac lot
Entity Owned Free & Clear
Property ID
US28-3921256
Property summary
AI-generated overview

This exceptional 5,110 sq ft commercial property in Downs, IL, presents a unique investment opportunity. Located on a 0.79-acre lot (plus an additional 16,000 sq ft lot available separately), this single-story, 2013-built building offers flexible space ideal for a variety of uses. Currently zoned C-2 Village of Downs, the property features two suites, with a minimum divisible space of 682 sq ft and a maximum contiguous space of 5,110 sq ft. The entire 5,110 sq ft is currently vacant, providing immediate occupancy. The building's existing configuration includes a fully equipped kitchen/restaurant space and a daycare center complete with an outdoor play area, making it perfect for a combined venture or individual leasing. The property boasts convenient access from the Downs exit on I-74, ensuring high visibility and accessibility. Individual units are condo'd, offering potential for separate ownership or leasing arrangements. The McLean County property (APN: 29-04-377-019; -020; -021; -022) is ready for its next chapter. Don't miss this chance to acquire a versatile commercial property in a thriving location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.2 ac (8,712 SF)
APN 29-04-377-020
UPID US28-3921256
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
  • Avery Garage Door Repair Services Hardware & Home Improvement Production Facility
  • Courtesy Roofing & Construction Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k
Owner & transaction history
MALLARD POINT DEVELOPMENT STEVE MILLER
MALLARD POINT DEVELOPMENT STEVE MILLER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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