415 State St, Litchfield, IL 62056-2038
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.