603 12th E Broad St, Jonesboro, IL 62952-1503
This exceptional commercial property, situated on a hill in the bustling town of Jonesboro, Illinois, presents a unique investment opportunity. The main building, formerly a grocery store, boasts an impressive 22,000 square feet of space. This expansive area includes well-appointed office space, a convenient break room, separate men's and women's restrooms, ample storage, a walk-in cooler, and a functional loading dock, making it ideal for a variety of businesses. A second building, slightly over 2,200 square feet, is currently leased to a long-term tenant, providing immediate and consistent rental income. The property also features a substantial paved parking lot equipped with lighting, ensuring convenient access and ample space for customers and employees. The high-traffic location guarantees excellent visibility and accessibility, making this property an attractive prospect for entrepreneurs and investors alike. The combined square footage of both buildings totals 21,696 square feet, offering significant flexibility and potential for expansion or diversification. This property is priced at $500,000 and presents a compelling opportunity to capitalize on a prime commercial location in a thriving community. The property sits on a lot with no acreage listed.
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A J Video Electronics & Wireless Store (Bike/Boat/Book/etc) Store
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.