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Mixed-Use Investment Property 102 S Main St 5,588 SF Retail Building Smithton, IL 62285 $195,000 ($34.90/SF) 7.70% Cap Rate
Executive Summary
Mixed-Use Investment Opportunity
Fully Leased Mixed-Used Building with Long Term Tenants. Building has had upgrades throughout.
Building Consists of (1) Commercial/Office/Retail Space, (2) 1 Bedroom Apartments, (1) Studio Apartment and 1 Single Family Property – All Fully Leased
Fully Leased Mixed-Used Building with Long Term Tenants. Building has had upgrades throughout.
Building Consists of (1) Commercial/Office/Retail Space, (2) 1 Bedroom Apartments, (1) Studio Apartment and 1 Single Family Property – All Fully Leased
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,588 SF
Building Class
C
Year Built/Renovated
1868/1950
Price
$195,000
Price Per SF
$34.90
Cap Rate
7.70%
NOI
$15,015
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.30 AC
Zoning
B-1 - Village of Smithton
Parking
30 Spaces (5.37 Spaces per 1,000 SF Leased)
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-33.0-210-011 | Improvements Assessment | $64,867 |
| Land Assessment | $13,270 | Total Assessment | $78,137 |
Property Taxes
Parcel Number
13-33.0-210-011
Land Assessment
$13,270
Improvements Assessment
$64,867
Total Assessment
$78,137
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Mixed-Use Investment Property | 102 S Main St