23 Central Park Plz, Jacksonville, IL 62650-2036
This exceptional downtown Jacksonville property at 23 S Central Park Plaza presents a unique investment opportunity. The building boasts a total of 5,400 square feet situated on a 0.04-acre lot. The ground floor offers 1,600 square feet of commercial retail space, ideal for a variety of businesses looking to establish a presence in the revitalizing downtown area. Above the retail space, a comfortable and well-appointed two-bedroom, two-and-a-half-bathroom apartment provides additional income potential or owner occupancy. The third floor is currently unfinished, offering a blank canvas for creative expansion or customization to suit specific needs. Significant updates have been made to the property over the years, including a new roof, HVAC system, electrical wiring, and plumbing, ensuring peace of mind for the new owner. This property represents a rare chance to acquire a versatile commercial building in a prime downtown location with significant upside potential. The combination of established retail space, residential living quarters, and expansive unfinished space makes this an attractive option for both investors and owner-operators seeking a blend of income generation and future development possibilities. Don't miss this chance to be a part of Jacksonville's exciting downtown transformation. The asking price is $180,000.
-
On the Wall (Bike/Boat/Book/etc) Store Home Decor Store
-
Holly Cakes Bakery Bakery Specialty Food Shop
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
Similar Nearby for Sale
Similar Nearby for Lease
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.