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    FOR SALE
    Retail space

    823 W Main St, Thomson, IL 61285

    0.14 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US28-3603415
    823 W Main St, Thomson, IL 61285 For Sale 1 / 146
    $227,900
    823 W Main St, Thomson, IL 61285
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    Property summary
    AI-generated overview

    This exceptional 4,736 square foot mixed-use property in Thomson, Illinois presents a unique investment opportunity. Located on Main Street, this well-maintained 1998-built building offers a blend of commercial and residential space. The commercial area boasts a finished storefront with offices and a lobby, complemented by a rear garage, workshop, storage, and laundry facilities. Previously occupied by the Army Corps of Engineers, this space is ideal for a business needing both a professional front and ample storage. The property also includes two separate residential units, each featuring two bedrooms and one bathroom with an open kitchen and living area. Each unit offers independent utilities (water, gas, and electric). An additional adjoining lot enhances the property's potential. This property is perfect for an owner-operator seeking a combined living and working space, or an investor looking for rental income from both the commercial and residential components. Thomson's prime location offers access to abundant outdoor recreational activities, including hunting and fishing on the Mississippi River, making this an attractive proposition for outdoor enthusiasts. The property's versatility and location make it a compelling investment opportunity in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Lot 0.14 ac (6,011 SF)
    APN 12-12-25-201-023
    UPID US28-3603415
    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
    Current use
    Occupant on record · Public records
    • US Army Engineer District Campground & RV Park
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    LAWRENCE P WILT
    LAWRENCE P WILT
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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