533 W Main St - Retail FOR SALE


Princeville, IL 61559
$124,900 USD
309-323-0399
533 W Main St, Princeville, IL for Sale
$124,900 USD
Retail - FOR SALE
1/19
null | Request Cap Rate

533 W Main St
Princeville, IL 61559


HIGHLIGHTS

  • Currently Divided into Three Units
  • Located in TIF District

OVERVIEW

This well cared for, brick, single story investment property provides great opportunities for a business owner or investor in Princeville, IL. The building is currently divided into three units - an office suite on the east end of the building (1,100 SF), a retail suite on the west end of the building (835 SF), and a lased salon unit in the middle suite (1,300 SF). There is a shared foyer for the middle and east units of approximately 120 SF. The middle unit is currently leased below market rate but the tenant does pay their metered utilities and the public works services - water, sewer and garbage. There are three furnaces and air conditioners, 2 Ameren electric meters (office, salon/retail together), 3 Ameren gas meters, and one water meter/one sewer meter. Property is located in the Princeville TIF I (see https://princeville.org/tax-increment-financing/ for more information).

FOR SALE DETAILS

PRICE

$124,900 USD

PRICE/SF

$37 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C-1

APN/PARCEL ID

02-24-201-003

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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