Property profile

221 College Ave Greenville, IL 62246

OFF-MARKET
Commercial real estate
Property ID
US28-0808730
13,032 SF Built 1901
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1901
Total area 13,032 SF
APN 05-30-10-408-016
UPID US28-0808730

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Buffet

Location

221 College Ave Greenville, IL 62246-1037
Greenville metro Census 951300 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2024
Last sale
$192,000
5 recorded transactions
2024
$138,500
2021
$192,000
2010
Price N/A
2010
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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