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Property profile & analytics
OFF-MARKET Estimated value $245,000
Commercial real estate

437 Poplar St Centralia, IL 62801

Individually Owned Absentee Owner Free & Clear
Property ID
US28-4758794
Property summary
AI-generated overview

This exceptional commercial property located at 437 N Poplar Street in Centralia, Illinois, presents a fantastic opportunity for warehouse, storage, or other business uses. The property boasts a generous 0.36-acre corner lot providing ample parking for customers and employees. The main feature is a pair of versatile pole-framed metal-sided buildings, each measuring 3,200 square feet, totaling 6,400 square feet of usable space. Both buildings offer convenient access via sliding doors and feature durable concrete floors and a concrete drive. The property's Business B-4 zoning allows for a wide range of commercial activities. This presents a significant advantage for businesses seeking flexible and adaptable space. The buildings are well-suited for various storage or warehouse needs, offering substantial space for inventory, equipment, or operations. The strategic location and ample parking make this property highly attractive for businesses seeking visibility and convenient access. In addition to outright purchase at $49,900, the property is also available for lease at an annual gross rate of $2.50 per square foot. This presents a dual opportunity for potential buyers and tenants seeking a prime commercial location in Centralia.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 1400058415
UPID US28-4758794
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
$245k
Owner & transaction history
John Dale Gherardini
John Dale Gherardini
since 2026
3 recorded transactions
2026
Price N/A
2025
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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