107 W Main St - Storefront Retail/Residential FOR SALE


Coffeen, IL 62017
$100,000 USD
630-334-3433
107 W Main St, Coffeen, IL for Sale
$100,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

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. The family that is there will be moving out November 1. It will be available for viewing after that. 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

ASK ABOUT THIS PROPERTY

Ryan KeiserFamily Time Properties LLCMore Info
630-334-3433

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Ryan KeiserFamily Time Properties LLCMore Info
630-334-3433

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