1391 MT Zion Pky - Retail FOR SALE


Mount Zion, IL 62549
$978,000 USD
217-454-8800
1391 MT Zion Pky, Mount Zion, IL for Sale
$978,000 USD
Retail - FOR SALE
1/21
null | Request Cap Rate

1391 MT Zion Pky
Mount Zion, IL 62549


OVERVIEW

Stabilized mixed-use investment opportunity located in Mt. Zion, Illinois. Constructed in 2013, this well-maintained brick and stucco building is configured with four commercial suites on the main level and four apartment units on the second level. The property is currently 100% occupied, with all 8 units leased, offering immediate in-place cash flow, diversified income, and a historically low-vacancy asset in a desirable community market. The main level includes four separately metered commercial units, two of which are built out as salon spaces and occupied by a long-term tenant. The remaining commercial spaces offer flexible open layouts suitable for office, retail, or service-based users. The second level includes four large apartment units, each approximately 1,200 square feet and configured as 2-bedroom, 2-bath units with open-concept living/kitchen areas, in-unit washer/dryer, private furnace, individual water heater, and separate metering. Current ownership has completed several significant capital improvement projects, including new windows and patio doors for the upper-level apartments, further reducing near-term capital concerns and improving long-term tenant appeal. With newer construction, separate utilities, a balanced commercial/residential tenant mix, strong occupancy, and recent capital improvements, this property represents a compelling investment opportunity with stable income in the growing Mt. Zion market.

FOR SALE DETAILS

PRICE

$978,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

MUNICIPAL

APN/PARCEL ID

12-17-03-102-069

ASK ABOUT THIS PROPERTY

Zane PetersonMain Place Real EstateMore Info
217-454-8800

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Zane PetersonMain Place Real EstateMore Info
217-454-8800

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