Property profile

710 Main St Troy, IL 62294

OFF-MARKET
Office Spaces
Property ID
US28-2708175
2,694 SF 0.36 ac lot Built 1967
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 710 S Main Street in Troy, Illinois, presents a unique investment opportunity. Situated on a 0.12-acre lot, this general commercial space boasts a highly desirable location with excellent visibility and easy access from Highway 40 East. Previously utilized as a doctor's office and pharmacy, the versatile layout offers multiple potential business applications. The interior has undergone a complete remodel in 2020, resulting in an immaculate and updated space. Features include a large open area perfect for retail or service-based businesses, a convenient back storage room, a break room equipped with a refrigerator, and a bathroom. The property also includes all existing equipment, products, and contents, representing a significant value-add for the buyer. Recent upgrades include a new roof installed in 2018 and an HVAC system replacement in 2009, ensuring efficient and cost-effective operation. The high traffic count ensures excellent exposure for any business operating from this location. This turnkey opportunity is priced competitively at $192,500 and is ready for immediate occupancy. The space's adaptable design and prime location make it an ideal investment for a savvy entrepreneur seeking a thriving business environment. Don't miss this chance to own a piece of Troy's bustling commercial landscape.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1967
Total area 2,694 SF
Lot 0.36 ac (15,750 SF)
APN 09-2-22-09-19-403-005
UPID US28-2708175

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
  • Physician
  • Pet Grooming Service
  • Hair Salon Nail Salon
  • Computer & Electronic Repair Tech Support Center

Location

710 Main St Troy, IL 62294-1817
Troy metro Census 403531 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2020
Last sale
$180,000
7 recorded transactions
2020
$110,000
2009
$135,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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