510 Main St Lewistown, IL 61542-1143
This 1948-built medical office building in Lewistown, Illinois, is available for $135,900. Located on a high-traffic corner lot in a TIFF district, this handicap-accessible property boasts four large exam rooms (equipped with blood pressure cuffs), an x-ray room with a functioning x-ray machine, a darkroom, two main floor bathrooms, a waiting area, a three-season porch, and a separate office. The building features a large parking lot, two furnaces, two central air units, and ample storage. All existing office equipment is included in the sale. The property is being sold "as is," with a minor repaired area in the waiting room (plastered, awaiting paint). Note that the building's heating system utilizes two furnaces, with thermostats in the waiting room (connected to the garage furnace) and a large exam room (connected to the basement furnace). A third thermostat in the hallway is not currently functional. The property is zoned for commercial use and offers significant potential for various businesses. The building's location on a high-traffic road ensures excellent visibility and accessibility.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.