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    Property profile & analytics
    FOR SALE
    Commercial real estate

    205 SE Race St, Atlanta, IL 61723

    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US28-4370470
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 05-343-010-00
    UPID US28-4370470
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Smidt Properties LLC · 7 yrs held
    Smidt Properties LLC
    since 2018
    2 recorded transactions
    2019
    2018
    $100,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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