515 Main St Saint Elmo, IL 62458-1638
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.
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J. June's Resale Medical Clinic
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St Elmo Medical Clinic Medical Clinic
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.