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Property profile & analytics
OFF-MARKET
Office buildings

510 Main St Lewistown, IL 61542-1143

Individually Owned Absentee Owner Free & Clear
Property ID
US28-4152130
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
APN 18-19-22-328-005
UPID US28-4152130
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
LISA BURCH
LISA BURCH
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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