Property profile

823 W Main St Thomson, IL 61285

FOR SALE
Retail space
Property ID
US28-3603415
0.14 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Constructed in 1998, this mixed-use property is located on Main Street in Thomson, Illinois, on a 0.27-acre lot. The building contains two residential units, each with two bedrooms and one bathroom, and each unit includes an open kitchen and living area; the units have separate water, gas, and electric meters. A commercial space is also included, featuring a finished front area with offices and a lobby, and a rear area with a garage, workshop, storage, and washing facilities; the commercial space has its own separate water, gas, and electric meters. The property totals 4,736 square feet and includes an extra adjoining lot. Zoning is C. The lower level was historically occupied by the Army Corps of Engineers.

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

Current use

Occupant on record · Public records
  • Campground & RV Park

Location

823 W Main St Thomson, IL 61285
Thomson metro Census 960600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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