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Property profile & analytics
OFF-MARKET
Office Spaces

515 Main St Saint Elmo, IL 62458-1638

0.16 ac lot
Individually Owned 13-yr Hold Free & Clear
Property ID
US28-4739097
Property summary
AI-generated overview

This exceptional 2,300 square foot commercial building, located at 515 N. Main St in St. Elmo, Illinois, presents a unique investment opportunity. Currently configured as a medical clinic, this versatile property offers significant potential for a variety of uses, including retail or general office space. Situated on a 0.16-acre lot, the building boasts a well-designed layout featuring a welcoming lobby, a dedicated receptionist area, four exam rooms perfectly suited for medical practices or other professional services, and two private offices providing ample space for consultations or administrative work. A convenient breakroom with a half-bath enhances employee comfort, and two additional half-baths cater to client needs. Recent upgrades include a new furnace and water heater, ensuring efficient and cost-effective operation, along with some electrical system improvements. The property's Main Street location in St. Elmo, Illinois (zip code 62458) offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the community. The asking price is $99,000. This property is ready for immediate occupancy and presents a compelling opportunity for both established businesses and new ventures. Contact us today to schedule a viewing.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Lot 0.16 ac (7,100 SF)
APN 01-12-22-462-007
UPID US28-4739097
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
Current use
Occupant on record · Public records
  • J. June's Resale Medical Clinic
  • St Elmo Medical Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Nelda Alwerdt · 13 yrs held
Nelda Alwerdt
since 2013
1 recorded transaction
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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