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Heartland Bank and Trust Co. 418 Locust St 3,220 SF Retail Building Delavan, IL 61734 $198,500 ($61.65/SF)
Investment Highlights
- Purpose-built as a bank.
Executive Summary
Former bank building in very good condition. Has not been modified or used since the bank closed this location. Teller windows, safes etc in place. Not currently in use. Newer roof, well-maintained, security system, drive through, excellent ample paved private parking, high visibility in center of town on primary commercial street. Available for use as a financial institution after September 10, 2026, or as any other commercial use immediately. For sale by owner.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,220 SF
Building Class
C
Year Built
1981
Price
$198,500
Price Per SF
$61.65
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.30 AC
Zoning
commercial - commercial
Parking
10 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
100’ on South Locust Street
Amenities
- Atrium
- Banking
- Pylon Sign
- Security System
- Signage
- Drive Thru
- Accent Lighting
- Recessed Lighting
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 21-21-10-125-010 | Improvements Assessment | $15,340 |
| Land Assessment | $6,680 | Total Assessment | $22,020 |
Property Taxes
Parcel Number
21-21-10-125-010
Land Assessment
$6,680
Improvements Assessment
$15,340
Total Assessment
$22,020
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Phillip Pawson
Heartland Bank and Trust Co. | 418 Locust St
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