44 Main St Hoyleton, IL 62803-2000
This exceptional commercial property, situated at 44 N Main Street in the thriving village of Hoyleton, Illinois, presents a unique investment opportunity. The property encompasses approximately 1.23 acres of land, strategically located within the village's business district. The main building, a former feed and supply house, boasts a substantial storefront area perfect for retail or office use. The rear and side of the building feature dedicated spaces previously used for grain systems, feed center control, and ample storage. Adding to the property's versatility is a separate 35' x 65' storage warehouse situated behind the main structure, along with several silos. The property's history includes the use of the upper level of the main building as an apartment, suggesting potential for residential conversion or expansion. The property's size and location offer significant potential for a variety of commercial ventures, making it an attractive proposition for entrepreneurs and investors alike. The substantial acreage provides ample space for expansion, parking, or outdoor operations. This property is being offered at $149,000 and represents a rare chance to acquire a well-positioned commercial property in a desirable location. The existing structures offer a solid foundation for immediate use or redevelopment, catering to a wide range of business needs.
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.