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235 N Locust Street Centralia, IL 62801 Commercial - Retail Active

  • 235 N Locust Street, Centralia, IL 62801 Main Photo

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Description

Investment multi use business opportunity located in the central business district situated on just over an acre paved parcel. This steel framed masonry structure has been the home of the local Elks Lodge fraternal organization for over 65 years. The building layout consists of the lower below grade level finished area with a full bar, two dining areas and separate gathering room, commercial kitchen equipped, restrooms, walk in cooler and freezer and storage areas. the main level has an entry way and office, and the upper level includes a large 60'x60' banquet and event room with side bar, dumbwaiter service from the kitchen below, adequate restrooms and gathering area with storage. With a building structural footprint of 6,000 sq' the upper and lower levels combined is approximately 12,000 sq' with a total combined occupancy allowed of 418. The 3-stage commercial elevator addition with lot entry vestibule was added in 2015 and is current on permitting and a service contract with Otis Elevator Co. This facility has been a staple of the community hosting many private and community events over the years.

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1959
Lot Size: 1.02 acres

General Information

County: Marion
Listed By:
Coldwell Banker Allen & Geary 618-532-7300
MRED MLS
$440,000
Est. $2,965/mo
Active
SQUARE FEET6,179 MLS#12742431
STATUSActive PROPERTY TYPECommercial - Retail

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Ruhl&Ruhl Realtors
563.441.1776

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235 N Locust Street, Centralia, IL 62801.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $440,000$440,000$440,000
Down Payment $88,000$15,400$110,000
Monthly Mortgage Amount $2,225$2,731$2,762
Taxes $612$612$612
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$194$0
Monthly Estimated Total $2,965$3,665$3,502

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