118 S Lafayette St - Storefront Retail/Residential FOR SALE


Macomb, IL 61455
$425,000 USD
309-255-0646
118 S Lafayette St, Macomb, IL for Sale
$425,000 USD
Storefront Retail/Residential - FOR SALE
1/42
null | Request Cap Rate

NEW


118 S Lafayette St
Macomb, IL 61455


HIGHLIGHTS

  • Turnkey restaurant, fully equipped, seating up to 180 guest.
  • Added income with four apartments!
  • Located on the the Historic downtown district of Macomb IL

OVERVIEW

Looking to get into the restaurant business, this turnkey restaurant located in the Historic downtown district of Macomb IL is available. This restaurant is a breakfast/lunch diner type of operation and is fully equipped. The main dining room area has seating for 80+ customers, and counter/bar seating. For those busy days or private parties, you have an additional room that can seat up to 100+ customers, a lot of potential with this room. The kitchen has been updated, and has a lot of dry storage, 8x10 walk-in cooler and 8x6 freezer. For added income the upper level of the building has four finished apartments, one is a 3 bedroom, 1 bath, two are 2 bedrooms, 1 bath units, and one is a 1 bedroom, 1 bath unit. All units are move-in ready. There is another apartment, 1 bedroom efficiency type apartment that is unfinished, with some work could also be available for rent. These apartments have potential income of $3000+ a month. Current owner would consider financing with good down payment.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

Commercail

APN/PARCEL ID

11-400-067-00

ASK ABOUT THIS PROPERTY

Lorraine EppersonCentury 21 Purdum-EppersonMore Info
309-255-0646

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Lorraine EppersonCentury 21 Purdum-EppersonMore Info
309-255-0646

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