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Property profile & analytics

402 Madison St Lebanon, IL 62254-1609

  • Commercial real estate
  • 2,262 SF
  • 0.06 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-0208617
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 402 Madison St

Year built
1951
Construction
WOOD
Lot size
0.06 lot acres
Property size
2,262 SF
Property type
Commercial real estate
APN
05-19-0-421-001
APU
5190421001

Description

This exceptional commercial property, located at 402 S Madison Street in Lebanon, Illinois, presents a unique investment opportunity. The building, situated on a 0.12-acre lot, previously housed a successful Italian restaurant with a seating capacity of approximately 85 patrons. A distinct banquet room, easily separated from the main dining area, adds versatility and potential for increased revenue streams. The property is being sold "as is," meaning the seller will not undertake any repairs or improvements to meet occupancy requirements. This presents a chance for a buyer to customize the space to their specific needs and vision. The sale includes both parcels 05-19.0-421-001 and -002, as reflected in the total acreage and tax information. The property's prime location in a high-traffic area offers significant potential for a variety of commercial uses, making it an attractive investment for both established businesses and entrepreneurs seeking a ready-made space. The building's existing infrastructure provides a solid foundation for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and profitability in a thriving community. The asking price is $185,000. Serious inquiries are encouraged.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Lebanon
County
St. Clair
State
Illinois
Longitude
-89.8074
Latitude
38.6009
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
$6,331
$2,625
$70,059
$72,684
-
$7,875
$210,177
$218,052
More about this property
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