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$449,900
Est. payment /mo
3,887 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,887 sqft
Price per Sqft $115
MLS Listing ID 12808516
Year Built 1953
Annual Tax Amount $7,774
Tax Year 2025
Lot Size 8,973 Sqft
Lot Dimensions 67 X 134
Property Sub-Type Mixed Use
Property Description
Exceptional opportunity for investors and business owners! This beautifully remodeled brick mixed-use building offers a spacious commercial storefront, spacious storage, a garage, and two well-maintained residential rental units above. Completely renovated from the ground up, this turnkey property combines immediate rental income with excellent potential for additional revenue. Both residential units are occupied under one-year leases, generating a combined $3,600 per month. The currently vacant commercial space features approximately 1,239 square feet of storefront space, plus an additional 800 square feet of storage and garage space. High visibility and ample parking make it an appealing location for an office, professional services firm, or small construction-related business, subject to applicable zoning. Operate your business downstairs while the residential rental income helps offset ownership expenses, or lease the commercial space for a projected $2,200 per month to bring the property's potential total gross rental income to $69,600 annually. Beautifully updated and offering flexible ownership options, this property is an outstanding opportunity to bring your business, investment goals, or both under one roof!
Location
State IL
County Kane
Area Elgin
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Roof Type Rubber
Building
Dwelling Type Mixed Use
Structure Type Brick,Block
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Listed by Basel Tarabein of RE/MAX At Home
NEARBY SCHOOL & BUSINESS
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