301 Chestnut St, Le Roy, IL 61752-1777
This exceptional 2,460 square foot commercial property is ideally located on a high-traffic corner lot in the heart of Leroy, Illinois, ensuring maximum visibility and exposure for your business. Previously utilized as a car dealership and automotive shop, this versatile space offers a multitude of possibilities for a variety of commercial ventures. The property features a prominent storefront, a well-appointed office area, and a spacious garage perfect for accommodating cars, trucks, or other equipment. Conveniently located external restrooms provide easy access for customers and employees. Ample parking is available on-site, ensuring convenience for all. The garage's depth is particularly well-suited for automotive-related businesses. The main office area is equipped with HVAC for year-round comfort, while the garage benefits from radiant heat. The property boasts a recently updated metal roof, installed within the last five years, providing long-term durability and peace of mind. This turnkey opportunity presents a rare chance to establish or expand your business in a thriving location with significant potential for growth. The property is priced at $450,000. All information is believed to be accurate but is not guaranteed.
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
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.