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112 S 1st St 5,760 SF Retail Building Monmouth, IL 61462 $272,500 ($47.31/SF) 7.93% Cap Rate
Investment Highlights
- Anchored by Edward Jones
- Convenient On-Street Parking
- Historic Downtown Location
- LAND AREA: 0.08 Acres
Executive Summary
This 5,760-square-foot commercial building is located in a historic downtown setting and offers a strong income-producing opportunity. Originally built in 1945 and situated on approximately 0.08 acres, the property is anchored by Edward Jones and generates an annual net operating income of approximately $21,600. The highly visible downtown location benefits from convenient on-street parking and provides tenants with easy access to surrounding businesses, amenities, and community attractions. The property combines stable tenancy, historic character, and a desirable downtown presence within a well-established commercial corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,760 SF
Building Class
B
Year Built
1945
Price
$272,500
Price Per SF
$47.31
Cap Rate
7.93%
NOI
$21,600
Tenancy
Single
Building Height
2 Stories
Building FAR
1.67
Lot Size
0.08 AC
Opportunity Zone
Yes
Parking
8 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
230’ on South 1st Street
Amenities
- Banking
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-205-170-00 | Improvements Assessment | $12,630 |
| Land Assessment | $2,520 | Total Assessment | $15,150 |
Property Taxes
Parcel Number
09-205-170-00
Land Assessment
$2,520
Improvements Assessment
$12,630
Total Assessment
$15,150
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Contact the Sale Advisor
112 S 1st St