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    Property profile & analytics
    OFF-MARKET
    Office Spaces

    210 Randolph St, Macomb, IL 61455-3828

    Individually Owned 17-yr Hold ~ Est. High Equity
    Property ID
    US28-4327997
    Property summary
    AI-generated overview

    This exceptional commercial property at 210 S Randolph Street in Macomb, Illinois, presents a fantastic investment opportunity. Built in 1923, this building boasts a prime location just off Macomb Square. The main level features a spacious waiting area, nine individual offices, a boardroom, and a convenient break room. Six of these offices are currently leased at $350 per month each, generating consistent rental income. The lower level comprises two two-bedroom apartments, each with its own lease. One apartment currently rents for $650 per month, and the other for $900 per month. The property also includes asphalt parking for nine vehicles. Significant updates have been made, including a new rubber roof and HVAC system installed in 2014, and a new water heater in 2018. The building is in excellent condition and benefits from its superb location, making it an ideal investment for those seeking a strong return on investment in a thriving Illinois community. The property is zoned for commercial use and offers a blend of office space and residential rental units, providing diversified income streams. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The asking price is $299,000.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    APN 11-400-089-00
    UPID US28-4327997
    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
    • Macomb Mental Wellness Physician Medical Clinic
    • Dr. Joseph Proctor Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael D Moore · 17 yrs held
    Michael D Moore
    since 2008
    1 recorded transaction
    2008
    $187,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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