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    OFF-MARKET
    Office Spaces

    822 2nd St, Sparta, IL 62286-1600

    0.73 ac lot
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-3915915
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Lot 0.73 ac (31,799 SF)
    APN 19-139-017-00
    UPID US28-3915915
    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
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Superior Custom Builders INC · 1 yrs held
    Superior Custom Builders INC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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