Property profile

415 State St Litchfield, IL 62056

OFF-MARKET
Commercial real estate
Property ID
US28-3946988
Individually Owned Free & Clear
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Property summary

AI-generated overview

This expansive commercial property at 415 N State Street in Litchfield, Illinois, presents a unique opportunity for a wide range of businesses. Situated on a 0.13-acre lot, the building offers a substantial amount of square footage, ideal for those seeking significant space for their operations. The main level is currently configured as office space, providing a ready-to-use area for immediate occupancy. The upper level consists of one large, open room, offering flexibility for customization to suit diverse business needs. This adaptable layout allows for creative design and efficient space planning. A notable feature is the basement, which provides additional storage or potential expansion space and importantly, connects to adjacent properties, opening up possibilities for future collaborations or expansion. The property is priced at $125,000. A June 2023 appraisal is available for review, providing further detailed information on the property's value and condition. This is an exceptional opportunity to acquire a substantial commercial building in a desirable Litchfield location, offering significant potential for growth and development. The building's size and versatile layout make it suitable for a variety of commercial ventures, from retail to office space, and beyond. Don't miss this chance to bring your business vision to life in this impressive property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 10-33-358-025
UPID US28-3946988

Cap rate & NOI

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

Location

415 State St Litchfield, IL 62056-2038
Litchfield metro Census 957800
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2026
Last sale
$75,000
5 recorded transactions
2026
Price N/A
2025
$75,000
2023
Price N/A
2013
Price N/A
2007
$63,000

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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