215 Main St Royalton, IL 62983
This exceptional 2,523 square foot commercial property, situated on a 0.11-acre lot at 215 S Main Street in Royalton, Illinois, presents a remarkable opportunity for business owners. Priced at $145,000, this property boasts significant advantages, including recently updated plumbing and electrical systems, ensuring reliable and efficient operation. A modern, high-efficiency HVAC system maintains a comfortable interior environment while minimizing energy costs. Security features are already in place, providing peace of mind for the new owner. The layout is versatile and well-suited for a variety of commercial uses, particularly restaurants or bars. While some basic kitchen and bar equipment is included, prospective buyers should be aware that additional appliances and equipment will be necessary to fully outfit the space to their specific needs. The property's location on Main Street offers high visibility and excellent accessibility for customers, maximizing potential for success. This is a turnkey opportunity to acquire a well-maintained commercial space in a desirable location, ready for immediate occupancy and customization to suit your business vision. The property is ready for a new owner to transform it into a thriving enterprise. Don't miss this chance to secure a prime commercial location in Royalton.
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
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.