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Property profile

909 E Grant St Macomb, IL 61455

FOR SALE
Commercial real estate
Property ID
US28-3704599
1.72 ac lot
Entity Owned Free & Clear

Property summary

AI-generated overview

This exceptional commercial property in Macomb, Illinois, offers 8,313 square feet of flexible space ideal for a variety of medical or commercial uses. Located at 909 E GRANT Street, this single-tenant building sits on land zoned R4S (APN: 11-301-153-05) and presents a unique opportunity. The main floor, currently utilized as doctors' offices, offers adaptable space to suit a tenant's specific needs. The building's versatility allows for customization of the main floor area. Furthermore, a substantial 2,674 square foot basement provides additional space, accessible via a separate entrance. This basement area is currently divided into two offices: one measuring 884 square feet and the other 1,790 square feet. A tenant can utilize the entire basement or a portion, depending on their requirements. The property's convenient location near McDonough District Hospital makes it an attractive option for medical practices or businesses seeking proximity to healthcare facilities. This property is a rare find, combining flexibility, ample space, and a desirable location. The property type is classified as Land, Industrial, and Office. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.72 ac (74,923 SF)
APN 11-301-153-05
UPID US28-3704599

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
  • Medical Clinic
  • Pediatrician Physician
  • Alternative Medicine Practice
  • Physician Medical Clinic
  • Physician Medical Clinic

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
Try Rey
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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