$ 89,000
222 Main Street Lostant, IL 61334
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$ 89,000
Est. payment | /mo
5,768 SqFt
$ 89,000
Est. payment | /mo
5,768 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,768 sqft
Price per Sqft $15
MLS Listing ID 12081116
Year Built 1896
Annual Tax Amount $2,389
Tax Year 2022
Lot Dimensions .06
Property Description
Investor/Flipper Special: Mixed-Use Gem in Downtown Lostant Explore the potential of this exceptional mixed-use property located in the heart of downtown Lostant. Boasting a spacious main level retail or office space and three charming apartments on the second level, this property presents a unique opportunity for investors and flippers alike. Key Features: - Prime Location: Situated in downtown Lostant, offering easy access to local amenities and attracting both residents and visitors. - Versatile Main Level: Spanning 2,884 square feet, the main level features expansive retail or office space that can be easily customized or subdivided to suit various business needs. - Income Potential: Currently generating $1,700 per month from two rented apartments, with the opportunity to increase rental income by leasing out the third apartment and maximizing the commercial space. - Residential Appeal: The second level comprises two 1-bedroom apartments and a spacious 4-bedroom apartment with new AC, ideal for attracting tenants seeking comfortable living spaces in a quaint town setting. - Fixer-Upper Opportunity: Perfect for investors looking to add value through cosmetic updates and tenant improvements, ensuring swift occupancy and increased rental rates. - Historic Charm: Embrace the charm of a small-town atmosphere while capitalizing on the growing demand for mixed-use properties in up-and-coming communities. This property promises a solid foundation for both immediate rental income and long-term investment growth. Whether you're a seasoned investor or a first-time flipper, don't miss out on this opportunity to own a piece of Lostant's commercial and residential landscape. Schedule your showing today and unlock the potential of this versatile mixed-use property!
Location
State IL
County Lasalle
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jamie Unholz • Executive Realty Group
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