418 Locust St, Delavan, IL 61734-7602
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.
-
Heartland Bank and Trust Company Bank Loan Service
-
ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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.