211 S Mine Street, Sandoval, IL

Retail for Sale - $50,000 - 7,632 Sq. Ft. on 0.3 acres


Agent Info

Aleksandr Grigorian

Property Info

CIMLS#1144854
Location
  211 S Mine Street
  Sandoval IL 62882
UpdatedJuly 18th, 2023
TypeRetail
Price$50,000
Building7,632 Sq. Ft.
Land0.3 acres

Property Description

Former restaurant property in Sandoval, IL. Just an hour from St. Lous Metropolitan. This is an interesting commercial opportunity to own retail building at the intersection of two highways. Being located between highways 50 and 51 and front line of Mine Street, it offers good visibility and accessibility. The proximity to Carlyle Reservation and various medium and big cities can also be advantageous for potential businesses.

Considering the county's assessed market value of $142,620, the seller is asking for a lower price due to the building's vacant status and the need for renovations or repairs. As the property is being sold "As-is" and the seller has not conducted any inspections, it's important for potential buyers to thoroughly assess the condition of the property and factor in the additional costs of any necessary work.

With its substantial 7,632 square feet of space and a lot size of 13000 square feet, this commercial property offers multiple possibilities for use, such as a restaurant/pub, medical center, office space, grocery store or even a motel. However, it's important to note that the property is described as an FIXER UPPER, indicating that significant renovations or improvements may be required.

If you're interested in pursuing this opportunity, I recommend conducting a thorough inspection and assessment of the property, considering both the potential benefits and the necessary investments in terms of time, effort, and resources. It could be a promising venture for the right investor or owner.

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Financials