120 N Side Sq - Storefront Retail/Residential FOR SALE


Macomb, IL 61455
$675,000 USD
309-255-0646
120 N Side Sq, Macomb, IL for Sale
$675,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

120 N Side Sq
Macomb, IL 61455


HIGHLIGHTS

  • located downtown in historic Macomb IL. Lots of major updates to the building

OVERVIEW

This commercial building located downtown in Historic Macomb IL, offers two retail/business storefronts that are currently rented. One of the spaces has just over 4000 sq ft. The other unit also has just over 4000 sq ft and both are currently rented. Both commercial spaces have an entrance from the downtown square and a back entrance off Carroll St. The second level of the building has four studio apartments, all four are currently rented, three are rented at $450 a month and one at $500, utilities are included in the rents. The second level has the potential for more rental space with close to 5000 sq ft of unfinished area ready to develop. The current owner has a long list of major improvements to this building over the past five years, some are, tuckpointing exterior, Durolast PVC Roof, new windows, HVAC units for apartments, front awning, 7.5 ton AC unit for commercial space, and much more.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$27 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,304 SF

ZONING

business

APN/PARCEL ID

11-100-178-00

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.