Property profile

612 Main St Lewistown, IL 61542

OFF-MARKET
Commercial real estate
Property ID
US28-3827802
Individually Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 612 S MAIN Street in Lewistown, Illinois, presents a compelling investment opportunity. The property encompasses a substantial 44,923 square feet of land, ideally situated on a corner lot offering ample parking directly on Main Street. Its high-visibility location ensures significant exposure for any business. The asking price is $450,000. The property is designated as Special Purpose land and is ready for immediate development or occupancy. The single building on the site provides a solid foundation for a variety of commercial ventures. Its strategic placement on the west side of Main Street in the 600 block guarantees high traffic and pedestrian visibility. The expansive lot size allows for considerable flexibility in design and development, catering to a wide range of commercial uses. The property's address is 612 S MAIN Street, Lewistown, IL 61542, situated in Fulton County. This location offers excellent access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a prominent presence in the Lewistown market. The property's potential is significant, making it an ideal investment for those seeking a high-impact commercial venture in a thriving community. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 18-19-27-129-006
UPID US28-3827802

Cap rate & NOI

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

Location

612 Main St Lewistown, IL 61542-1736
Lewistown metro Census 953800 PEORIA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2011
1 recorded transaction
2011
$140,000

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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