410 Elm St, Canton, IL 61520-2759
This 5,850 square foot office building in Canton, Illinois, presents a unique investment opportunity. Located on a 0.54-acre lot with 20 parking spaces, the property boasts a renovated upper level (2015) featuring a large reception area with vaulted ceilings and movable interior walls, ideal for single or multiple businesses. One office includes lead-lined walls, previously used for X-ray. Recent improvements include new sewer lines, three sump pumps, sidewalks (2019), a new roof and front gutters (2024). The dry full basement offers two entries and ample additional space. A detached 24' x 28' (672 SF) garage provides extra storage or workspace. The property is zoned B-3 and features central air conditioning, steam heating, carpet and tile flooring, and public sewer and municipal water. The building also benefits from cable and fiber optic access. Annual property taxes (2023) totaled $5,937.42. The flexible space is suitable for various uses, including daycare, medical, traditional office, retail, and government. This property offers significant potential for income generation through leasing or expansion. The asking price is $299,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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.