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    OFF-MARKET
    Commercial real estate

    9345 200Th Ave, Flat Rock, IL 62427

    722 SF 12.84 ac lot Built 1985
    Property ID
    US28-4517557
    Property summary
    AI-generated overview

    This exceptional commercial property in Flat Rock, Illinois, presents a unique investment opportunity. Located at 9345 E. 200th Ave, this 1-story, 722 square foot multifamily building sits on a substantial lot ranging from 12.84 to 25.68 acres (559,310 square feet). Built in 1985, the property boasts a full, walk-out basement adding 1,329 square feet of finished space, totaling 2,051 square feet of finished area. The property features a brick and masonry foundation. Currently zoned residential, this versatile property offers significant potential for various commercial uses. The asking price is $294,000, translating to $407.20 per square foot of above-grade finished space. The expansive lot provides ample space for expansion or future development. While the main structure requires some interior updates, including new flooring and master bathroom finishing, this presents a chance to customize the space to meet specific commercial needs. This property is a rare find, combining a prime location with significant acreage and development potential in Crawford County, Illinois, zip code 62427. The property's APN is 08-2-17-000-005-000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1985
    Total area 722 SF
    Lot 12.84 ac (559,310 SF)
    APN 08-2-17-000-005-000
    UPID US28-4517557
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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