502 1st St - Storefront FOR SALE


La Salle, IL 61301
$499,500 USD
815-780-7952
502 1st St, La Salle, IL for Sale
$499,500 USD
Storefront - FOR SALE
1/27
null | 8.41% Cap Rate

NEW


502 1st St
La Salle, IL 61301


HIGHLIGHTS

  • 75% occupancy - bring your business to become an Owner-User of the remaining space!
  • Complete renovation in 2025/2026
  • Lots of Natural Light and TONS of basement storage

OVERVIEW

Introducing an exceptional investment opportunity at 502 1st Street, La Salle, IL. This prime property features a 5,202 SF building with 4 units, ideal for retail or street retail tenants or investors. Built in the early 1900's and completely renovated in 2026, the property boasts a compelling blend of historic charm and modern amenities. Zoned C-3 and situated in the highly desirable Downtown La Salle Historic District, this property offers a 75% occupancy rate, signaling strong sustained interest. Don't miss the chance to capitalize on this premier retail investment in a thriving commercial district. Tenants pay water, sewer, electric, and gas. Garbage is $50/month/tenant. Additional storage space in the full 8' basement is available for tenants to lease, or for a new buyer to utilize. A shared corridor in the rear of the building is accessible from all 4 tenant spaces and provides access to the basement and exterior decking to First Street. EM payable to Coldwell Banker Real Estate Group via certified funds. DO NOT DISTURB TENANTS or ASK QUESTIONS OF TENANTS.

FOR SALE DETAILS

PRICE

$499,500 USD

PRICE/SF

$100 USD /SF

CAP RATE

8.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C-3

APN/PARCEL ID

18-15-333-014

ASK ABOUT THIS PROPERTY

Leah EricksonColdwell Banker Commercial Real Estate GroupMore Info
815-780-7952

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Leah EricksonColdwell Banker Commercial Real Estate GroupMore Info
815-780-7952

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