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    OFF-MARKET
    Commercial real estate

    280 Main St, Blandinsville, IL 61420

    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US28-4594852
    Property summary
    AI-generated overview

    This exceptional commercial warehouse property, located at 280 S MAIN Street in Blandinsville, Illinois, 61420, presents a compelling investment opportunity. The property consists of one building situated on a land parcel and is classified as both commercial and warehouse space. The asking price is $30,000, reflecting a significant opportunity for buyers. While the property boasts a prime location in McDonough County, it does have some recent roof damage. This damage is factored into the attractive asking price, making this a potentially lucrative investment for those willing to undertake minor repairs. The property's classification as "Other" within the subtype suggests potential for diverse uses, depending on local zoning regulations. The precise dimensions and square footage of the building and land are not specified, requiring further due diligence by prospective buyers. Interested parties are encouraged to conduct thorough inspections and verify all details independently before making an offer. This property is being offered "as is," and the seller is motivated to finalize a sale quickly. The latitude and longitude coordinates are 40.554432, -90.8665267, allowing for easy location verification using mapping services. This is a rare chance to acquire a commercial warehouse in Blandinsville at a highly competitive price.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 02-000-396-00
    UPID US28-4594852
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Edward W Liebsack II · 8 yrs held
    Edward W Liebsack II
    since 2018
    1 recorded transaction
    2018
    $7,800
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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