822 2nd St, Sparta, IL 62286-1600
This exceptional 1.58-acre commercial property located at 822 W 2nd Street, Sparta, Illinois, presents a unique investment opportunity. The property boasts four substantial outbuildings, offering versatile space for a variety of uses. Imagine the possibilities – a thriving small business, ample storage for equipment and inventory, or a dedicated space for hobbies and recreational pursuits. The property includes a heated 36 x 32 shed and a larger 72 x 32 building, providing significant square footage for your needs. The expansive acreage offers ample room for expansion or future development. The location on a quiet dead-end road ensures privacy and tranquility, a rare find for a commercial property. Adding to its appeal, two parcels are situated outside city limits, providing flexibility and potential freedom from certain zoning restrictions. This property is ideally suited for entrepreneurs seeking a versatile space to establish and grow their business, or for individuals needing extensive storage and workshop areas. The combination of ample space, multiple outbuildings, and a desirable location makes this a truly exceptional offering. Priced at $170,000, this property represents an outstanding value in the Sparta commercial real estate market. Don't miss this chance to own a piece of Sparta's commercial landscape.
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
Similar Nearby for Sale
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.