221 College Ave Greenville, IL 62246
- Commercial real estate
- 13,032 SF
Current Use by Public Records
- Commercial real estate
Property Details for 221 College Ave
- Year built
- 1901
- Property size
- 13,032 SF
- Property type
- Commercial real estate
- APN
- 05-30-10-408-016
- APU
- 53010408016
Description
This exceptional commercial property, located at 221 West College Avenue in Greenville, Illinois (zip code 62246), presents a unique investment opportunity. Situated on a 0.107-acre lot, this two-story brick building boasts a total of 8,688 square feet. The main level offers 4,344 square feet of retail space, ideal for a variety of businesses. The second floor provides an additional 4,344 square feet, currently configured as residential living space but adaptable to a range of uses, such as office space or a large open loft area. The property is being sold "AS IS," with the seller making no repairs. Lease agreement details are available upon request and are currently being updated. Its prime downtown location on the corner of Highway 127 ensures high visibility and significant foot traffic, particularly benefiting from proximity to the high school. Large windows offer excellent display opportunities for retail businesses. This property's strategic location and substantial square footage offer significant potential for generating income and building a thriving business. The high traffic count and prominent location make this a truly exceptional investment opportunity in the heart of Greenville.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $235,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $210,000
- Mixed-Use
- $225,000
- Hospitality
- $200,000
- Educational
- $245,000
- Residential Income
- $260,000
- Energy
- $240,000
- Income-Based Land
- $220,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Bond
- State
- Illinois
- Longitude
- -89.4133
- Latitude
- 38.893
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA