9345 200Th Ave, Flat Rock, IL 62427
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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