214 Cumberland St Greenup, IL 62428
This exceptional commercial property, situated on a spacious 0.23-acre lot in Greenup, Illinois, presents a unique investment opportunity. Built in 2011, the 1,100 square foot outbuilding offers a versatile space ideal for a variety of commercial uses or as a substantial workshop. The structure features durable concrete floors throughout, a dedicated office area, and a convenient bathroom. City water and sewer connections are already in place, eliminating utility concerns. Ample parking is available, accommodating over 10 vehicles. Functionality is enhanced by an impressive 11-foot overhead door, perfect for larger equipment or deliveries. The low-maintenance metal roof and steel siding ensure long-term durability. A 100-amp electrical service provides sufficient power for most business needs. Located at 214 W. Cumberland St., Greenup, IL 62428, this well-maintained property offers a practical and convenient location for your business endeavors. The asking price is $90,000. Don't miss this chance to acquire a ready-to-use commercial space in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.