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    OFF-MARKET
    Commercial real estate

    415 State St, Litchfield, IL 62056-2038

    Individually Owned Free & Clear
    Property ID
    US28-3946988
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jeanette Borgmeyer
    Jeanette Borgmeyer
    since 2026
    Last sale
    $75,000
    5 recorded transactions
    2026
    2025
    $75,000
    2023
    2013
    2007
    $63,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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