20 W Side Sq, Macomb, IL 61455
For Sale
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This exceptional commercial property, situated in historic downtown Macomb, Illinois, presents a unique investment opportunity. The building, located at 20 W SIDE Square, boasts a total of 3,960 square feet and offers versatile space ideal for a variety of uses. The main level features a sizable storefront exceeding 1000 square feet, showcasing tall ceilings with original tin detailing, large display windows, and a half bath. An adjacent unfinished area of approximately 480 square feet provides potential for expansion or additional office space. A separate, finished office/retail space on the main level includes a half bath, storage closet, and large windows, currently ready for rental. The upper level, currently gutted, presents a blank canvas for renovation into apartments or additional office space, featuring over 1000 square feet in the front and ample space in the rear, both with large windows offering downtown views. The property benefits from a new roof installed in April 2024, and the seller is offering a $20,000 credit towards recently purchased new windows. This prime downtown location offers high visibility and significant potential for growth. The property is priced at $190,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.