328 E State St, Jacksonville, IL 62650
For Sale
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This 1710-square-foot commercial building is ideally situated on East State Street in Jacksonville, Illinois. Its prime location boasts high visibility, being adjacent to the KC Hall, across from Trinity Church and the Jacksonville Area Museum, and near the Jacksonville Area Convention and Visitors Bureau. The building features a large storefront window perfect for showcasing merchandise, a spacious main room measuring 65x18 feet, restrooms, and a small kitchen area. An added benefit is a 2-bedroom apartment on the upper level currently generating $450 in monthly rent. The full basement provides ample storage space. The property also includes a charming garden area with substantial hardscaping. The building's previous use included party bookings, presenting diverse possibilities for a new owner. The building has two HVAC units—one upstairs in the apartment and one in the basement for the main floor. Utilities are mostly separate, with the owner responsible for the main level's water bill. The upstairs appliances belong to the tenant, who requires 48-hour notice for showings. The zoning is B3—Business—Limited Business District. The roof age is unknown
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.