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Property profile & analytics

318 Washington St Millstadt, IL 62260-1228

  • Commercial real estate
  • 2,084 SF
  • 0.35 lot acres
OFF-MARKET
Last Sale
Aug 11, 2023
$99,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1416869
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 318 Washington St

Year built
1954
Construction
WOOD
Lot size
0.35 lot acres
Property size
2,084 SF
Property type
Commercial real estate
APN
12-10-0-303-027
APU
12100303027

Description

This exceptional commercial property at 318 E Washington Street in Millstadt, Illinois, presents a rare investment opportunity. Spanning over 3400 square feet on a 0.35-acre lot, this building boasts numerous recent updates and offers immense versatility. Currently holding a city-issued gaming and liquor license, the property is ideally suited for a variety of businesses. Imagine a bustling bar and gaming area, a fine dining establishment, a liquor store, or even a multi-faceted operation. The existing layout includes multiple bathrooms, a kitchen area, and a full basement perfect for storage and inventory. The building's design allows for the creation of outdoor seating or patio areas, enhancing its appeal and functionality. Convenient alley access provides additional parking options beyond the ample space already available on the lot. Previously used as a daycare, teen center, and bar with a dance hall, this property has a rich history and a bright future. Its location in Millstadt's vibrant commercial district, known for its thriving food scene and social atmosphere, ensures high visibility and foot traffic. This is a chance to establish a successful business in a desirable community. Don't miss this exceptional opportunity to own a piece of Millstadt's thriving commercial landscape. The asking price is $449,500.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Millstadt
County
St. Clair
State
Illinois
Longitude
-90.0872
Latitude
38.4612
CBSA code
41180
CBSA name
ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,807
$13,250
$63,147
$76,397
-
$39,750
$189,441
$229,191
More about this property
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