Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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