205 SE Race St, Atlanta, IL 61723
For Sale
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This exceptional commercial property, located at 205 SE Race Street in Atlanta, Illinois, presents a fantastic investment opportunity. Built in 1998, this well-constructed all-brick building sits on a desirable corner lot in the heart of Atlanta. The 2,299 square foot main level offers versatile space previously used as a dentist's office, adaptable to a variety of businesses. The layout includes a spacious waiting room, a large office/greeting area, two full bathrooms, a dedicated office or lunch area, and two conveniently located kitchenettes. Four additional sizable office rooms provide ample workspace. An oversized attached one-car garage offers convenient parking and storage. Furthermore, a full unfinished basement provides significant additional storage space and includes roughed-in plumbing for a bathroom. The property's central location and adaptable floor plan make it an ideal investment for entrepreneurs seeking a ready-to-occupy commercial space or investors looking for a strong rental property. The asking price is $199,900. The property is situated in Logan County, Illinois, with the zip code 61723.
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
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.