107 W Main St - Storefront Retail/Residential FOR SALE
Coffeen, IL 62017 |
$100,000 USD
630-334-3433
107 W Main St
Coffeen, IL 62017
HIGHLIGHTS
- Prime Location: Located in the heart of Coffeen, IL, at 107 W Main, offering great visibility and convenience.
- Mixed-Use Building: Features a versatile open space on the first floor, perfect for commercial use, and apartments on the second floor for rental inco
- Spacious Property: The building sits on two lots, providing ample space and potential for future development.
- Affordable Asking Price: Priced at just $100,000, offering an attractive investment opportunity.
- Flexible Financing Options: Prefer cash offers but will consider owner financing with 10% down, a 7.75% interest rate over 10 years, and tax escrow in
- Available for Viewing Soon: The current tenants are vacating by November 1, making the property ready for viewing and a quick transaction thereafter.
OVERVIEW
The building is at 107 W Main, Coffeen, IL. It is an open space on the first floor and apartments on the second floor. I'm asking 100k and the building sits on 2 lots. I would prefer a cash offer but will do owner financing with 10% down; 7.75 interest rate for 10 years. I require tax escrow payment of 125 which brings the payment to about $1205.10 per month.
FOR SALE DETAILS
PRICE
$100,000 USD
PRICE/SF
$32 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Owner User
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1920
SPRINKLERS
-
PARKING SPACES
13
LAND DETAILS
LAND ACRES
0.07 AC
LAND SF
3,049 SF
ZONING
Commercial
APN/PARCEL ID
17-35-407-008
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630-334-3433
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630-334-3433
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