Property profile

515 Water St Pinckneyville, IL 62274

OFF-MARKET
Commercial real estate
Property ID
US28-4446509
0.76 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,440 square foot commercial property located at 515 W Water Street, Pinckneyville, IL, presents a remarkable investment opportunity. The building has served as Mann's Sporting Goods for over 75 years, establishing a strong presence in the heart of Pinckneyville. The main building boasts a spacious 3,200 square foot showroom, ideally suited for retail gun sales and ammunition, complete with display cases. A dedicated gunsmith shop is also included. A full walk-out basement provides ample storage and features a convenient back loading dock. Adding to the property's versatility is a separate 40 x 30 metal pole building with concrete flooring and electricity, perfect for additional storage or expansion. The main building also includes large display windows, a dedicated office space, and upper-level living quarters, offering flexibility for various uses. There is also an area designated for expansion. All remaining inventory is included in the sale price of $150,000. This is a rare chance to acquire a well-established business and a substantial property in a desirable location. Don't miss this opportunity to own a piece of Pinckneyville's history and secure a thriving future.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.76 ac (33,106 SF)
APN 1530400210
UPID US28-4446509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

515 Water St Pinckneyville, IL 62274-1009
Pinckneyville metro Census 30200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2025
Last sale
$130,000
2 recorded transactions
2025
$130,000
2017
$147,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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