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Property profile & analytics
OFF-MARKET
Commercial real estate

607 State St Jacksonville, IL 62650

0.88 ac lot
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US28-3544971
Property summary
AI-generated overview

This exceptional 11,570-square-foot commercial property at 607 E State Street C in Jacksonville, Illinois, presents a rare opportunity. Situated on a 1.9-acre lot, this historic building boasts a wealth of unique architectural details reflecting its rich past. Having served diverse businesses – from its origins as a transfer, shipping, and storage facility to more recent uses as boutiques, restaurants, and offices – this adaptable space offers immense potential. Significant recent renovations exceed $100,000, including a new roof and an ongoing remodel of the second floor, which adds over 4,000 square feet of living space, complete with four bedrooms and two full bathrooms. The property's prime location directly across from a popular Jacksonville restaurant ensures high visibility and foot traffic. Mixed zoning allows for a variety of commercial uses, making it ideal for entrepreneurs seeking a unique and established location. The building is being sold "as is," with inspections welcomed. Earnest money is made payable to West State Title. This is a truly remarkable opportunity to own a piece of Jacksonville's history and shape its future.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.88 ac (38,333 SF)
APN 09-21-206-016
UPID US28-3544971
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Michael Haney · 1 yrs held
Michael Haney
since 2024
Last sale
$275,625
4 recorded transactions
2024
$276,000
2018
Price N/A
2010
$160,000
2005
$169,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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