Property profile

301 S Chestnut St Le Roy, IL 61752

FOR SALE
Commercial real estate
Property ID
US28-3285741
660 SF Built 1971
Entity Owned 4-yr Hold ~ Est. High Equity
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For Sale
$350,000 660 SF
301 S Chestnut St, Le Roy, IL 61752
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1971
Total area 660 SF
APN 30-21-321-001
UPID US28-3285741

Cap rate & NOI

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

Location

301 S Chestnut St Le Roy, IL 61752
Le Roy metro Census 5501 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2022
Last sale
$200,000
1 recorded transaction
2022
$200,000

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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More about this property
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