210 Randolph St, Macomb, IL 61455-3828
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.
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Macomb Mental Wellness Physician Medical Clinic
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Dr. Joseph Proctor Physician Medical Clinic
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.