223 Main St, Knoxville, IL 61448-1310
This stunning, completely renovated two-story brick commercial building at 223 E Main Street in Knoxville, IL, presents a rare opportunity to acquire a turn-key income-generating property. Boasting 3,040 square feet, the building features a captivating new faГ§ade highlighted by a floor-to-ceiling glass entryway. The main floor offers versatile retail space ideal for a variety of businesses, complete with a full bathroom, enhancing its adaptability. Currently leased, this space provides immediate income potential. Upstairs, a spacious and charming two-bedroom, one-bathroom loft-style apartment awaits. This modern apartment seamlessly blends contemporary design with historic character, showcasing exposed brick and lathe and plaster walls. The open studio-style layout includes a large eat-in kitchen, wide hallways, and a massive living room bathed in natural light from expansive new windows offering picturesque views of downtown Knoxville. The apartment's modern conveniences include a full complement of appliances, including a washer and dryer, ensuring a hassle-free experience for tenants. This property is priced at $220,000 and represents an exceptional investment opportunity in a highly desirable location. Don't miss the chance to own this beautifully modernized building with historic charm and immediate income potential.
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
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.