132 S Main St - Apartments FOR SALE


Stockton, IL 61085
$445,000 USD
815-238-8781
132 S Main St, Stockton, IL for Sale
$445,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

132 S Main St
Stockton, IL 61085


HIGHLIGHTS

  • Historical apartment location with recently updated features.
  • Apartment building with 9 apartments and room for 3 more.
  • Recently approved for 2 vacation rentals.
  • Possible commercial use on the first floor for a coffee shop or outdoor patio.
  • Currently has 8 fulltime apartments and 1 owner suite.
  • Roof replaced in 2023 and electrical, heating, and plumbing has been upgraded in recent years.

OVERVIEW

The Great Western is a 3 story gateway building to historic downtown Stockton IL. (the birthplace of Kraft Foods). Named after the Chicago Great Western Railroad ,it was built in 1899 to house railroad workers. It has since been converted into an apartment building with 9 apartments and room for 3 more. Recently approved for 2 vacation rentals. Possible commercial use on the first floor,(coffee shop with outdoor patio?) Currently has 8 fulltime apartments and 1 owner suite. Roof replaced in 2023 and electrical, heating, and plumbing has been upgraded in recent years. Reliable internet service to the building and coin operated laundry on site. All tenants fully vetted with 1 year leases, and a 5% escalation clause. Call for rent roll and T12 statement. (815-238-8781)

FOR SALE DETAILS

PRICE

$445,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

9

PRICE/UNIT

$49,444

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Great Western

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

0060

APN/PARCEL ID

17-001-011-00

ASK ABOUT THIS PROPERTY

Ted DavenportMain Street RealtyMore Info
815-238-8781

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Ted DavenportMain Street RealtyMore Info
815-238-8781

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