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109,111,113,115 S Main Street Alexis, IL 61412 Commercial - Business Active

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Description

Unlock an exceptional investment opportunity with this versatile mixed-use property offering multiple income streams and endless potential. The main level is home to a well-established bar and restaurant, both currently operating and producing immediate rental income. An additional vacant commercial space provides the perfect opportunity for a retail storefront, hair salon, professional office, boutique, or a variety of other business ventures, allowing a new owner to increase cash flow or occupy the space themselves. Upstairs, the property features three residential apartments, further enhancing the investment potential. Apartment 1 offers a comfortable one-bedroom layout and is currently leased. Apartment 2 features two bedrooms and is ready for a new tenant or owner updates. Apartment 3 is another one-bedroom unit that is also currently rented, creating additional steady income. Whether you're looking to expand your investment portfolio, establish your own business while generating rental income, or capitalize on the flexibility of a mixed-use property, this is a rare opportunity to own a building with diversified revenue sources and room for future growth. With established commercial tenants, residential rental income already in place, and additional leasing potential, this property is positioned to deliver both immediate returns and long-term value.

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories

General Information

County: Warren
Listed By:
Platinum Key Real Estate, LLC Office: 309-343-1186
RMLSA
$175,000
Est. $1,217/mo
New to the Market Active
SQUARE FEET7,694 MLS#CA1045316
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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109,111,113,115 S Main Street, Alexis, IL 61412.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $175,000$175,000$175,000
Down Payment $35,000$6,125$43,750
Monthly Mortgage Amount $873$1,058$1,090
Taxes $244$244$244
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$77$0
Monthly Estimated Total $1,217$1,479$1,434

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