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Property profile

407 S 4Th St Dunlap, IL 61525

FOR LEASE
Commercial real estate
Property ID
US28-4289785
0.86 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This single-story, 4,500 square foot commercial building in Dunlap, Illinois (APN 08-15-228-039) offers a 1,500 square foot vacant suite ideal for retail, restaurant, or office use. Located at 407 S 4th St, 61525, this property boasts a convenient location off Route 91, across from Dunlap High School and Athletic Complex. The area offers walkable access to various small businesses, a gas station, and the Rock Island Trail. The suite features a private entrance. The building is zoned commercial and sits on a 0.1-acre lot. Existing tenants include Smooth Sips and Debbie's Slots and Gaming Lounge, sharing a common dumpster (not included in NNN). The property is ready for immediate occupancy and adaptable to various business needs

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.86 ac (37,462 SF)
APN 08-15-228-039
UPID US28-4289785

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k

Owner & transaction history

since 2022
Last sale
$560,000
1 recorded transaction
2022
$560,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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