Property profile

418 Locust St Delavan, IL 61734

OFF-MARKET
Banks
Property ID
US28-1462494
3,220 SF 0.3 ac lot Built 1981
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,360 square foot commercial property is situated in the heart of downtown Delavan, Illinois, at 418 S Locust Street. The building is primarily constructed of brick, offering a classic and durable exterior. A significant advantage is the inclusion of allocated parking spaces, supplemented by the ample street parking readily available in the area. The roof is relatively new, having been replaced approximately three years ago, minimizing immediate maintenance concerns for the new owner. The current seller is an investor who has not utilized the premises, therefore, complete knowledge of all building features may be limited. This presents a unique opportunity for a buyer to explore and customize the space to their specific business needs. The property is offered at $169,000. Seller financing may be available contingent upon agreeable terms. For more information about the vibrant community of Delavan, Illinois, please visit delavanil.org. This property represents a strong investment opportunity in a desirable downtown location with the added benefit of recent roof replacement and convenient parking. The building's all-brick construction ensures longevity and a solid foundation for any commercial venture. Serious inquiries are encouraged to explore this promising opportunity further.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Total area 3,220 SF
Lot 0.3 ac (13,068 SF)
APN 21-21-10-125-010
UPID US28-1462494

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Atm

Location

418 Locust St Delavan, IL 61734-7602
Delavan metro Census 21900 PEORIA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2022
Last sale
$60,000
2 recorded transactions
2022
$60,000
1969
Price N/A

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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