605 Ramona Ter Machesney Park, IL 61115
This single-story, 1,449-square-foot mixed-use building in Machesney Park, Illinois, presents a compelling investment opportunity. Located at 605 Ramona Terrace, this Class C property, built in 1965, sits on a generous 20,299-square-foot lot, offering ample parking and potential for expansion. The building is zoned for commercial use and features a flexible layout suitable for various businesses, including auto shops, creative offices, or traditional office spaces. The interior comprises two main offices and an open conference room, providing adaptability to diverse operational needs. The property's convenient location offers easy access to major roadways and local amenities. With one unit and a single building, this property is ideal for a small business seeking a functional space with room for growth. The ample land provides opportunities to expand the existing building or develop outdoor amenities. The asking price is $100,000, and the APN is 0831352013. This is a rare opportunity to acquire a versatile commercial property in a desirable location at an attractive price point.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.