Property profile

205 Se Race St Atlanta, IL 61723

FOR SALE
Commercial real estate
Property ID
US28-4370470
Entity Owned 7-yr Hold Free & Clear
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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

Location

205 Se Race St Atlanta, IL 61723
Atlanta metro Census 952900 LINCOLN, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2018
2 recorded transactions
2019
Price N/A
2018
$100,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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