107 W Main St - Storefront Retail/Residential FOR SALE


Coffeen, IL 62017
$100,000 USD
618-670-2422
107 W Main St, Coffeen, IL for Sale
$100,000 USD
Storefront Retail/Residential - FOR SALE
1/47
null | Request Cap Rate

107 W Main St
Coffeen, IL 62017


HIGHLIGHTS

  • Prime Location: Located in the heart of Coffeen, IL, at 107 W Main, offering great visibility and convenience.
  • Mixed-Use Building: Features a versatile open space on the first floor, perfect for commercial use, and apartments on the second floor for rental inco
  • Spacious Property: The building sits on two lots, providing ample space and potential for future development.
  • Affordable Asking Price: Priced at just $100,000, offering an attractive investment opportunity.
  • Flexible Financing Options: Prefer cash offers but will consider owner financing with 10% down, a 7.75% interest rate over 10 years, and tax escrow in
  • Available for Viewing Soon: The current tenants are vacating by November 1, making the property ready for viewing and a quick transaction thereafter.

OVERVIEW

Looking for a place to take the next step with your business and possibly live there as well? Or maybe looking for an investment property with options. This 1900 2 story brick building may just be the one you could take that step with. The main floor of the building has been stripped down to help cut the costs of having to gut it. Endless opportunities awaits this space. Primarily this space had been a cafe most of the time it was in use. The upper floor has been cleared out and ready for it's next chapter as well. Keep the current layout and give it some upgrades. Or take it down further and make it your own as well. Located in the heart of Coffeen gives this location some extra potential. Next to the fire department, city hall, bank, post office, and around the corner from the Pre-K school will help drive the traffic on by.

FOR SALE DETAILS

PRICE

$100,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

Commercial

APN/PARCEL ID

17-35-407-008

ASK ABOUT THIS PROPERTY

Jay KehrerStrano & Associates Real EstateMore Info
618-670-2422

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Jay KehrerStrano & Associates Real EstateMore Info
618-670-2422

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.