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107 W Main St 3,100 SF Retail Building Coffeen, IL 62017 $92,500 ($29.84/SF)
INVESTMENT HIGHLIGHTS
- Prime Location: Located in the heart of Coffeen, IL, at 107 W Main, offering great visibility and convenience.
- Spacious Property: The building sits on two lots, providing ample space and potential for future development.
- Flexible Financing Options: Prefer cash offers but will consider owner financing with 10% down, a 7.75% interest rate over 10 years, and tax escrow in
- Mixed-Use Building: Features a versatile open space on the first floor, perfect for commercial use, and apartments on the second floor for rental inco
- Affordable Asking Price: Priced at just $100,000, offering an attractive investment opportunity.
- Available for Viewing Soon: The current tenants are vacating by November 1, making the property ready for viewing and a quick transaction thereafter.
EXECUTIVE SUMMARY
Looking for a place to take the next step with your business and possibly live there as well? Or maybe looking for an investment property with options. This 1900 2 story brick building may just be the one you could take that step with. The main floor of the building has been stripped down to help cut the costs of having to gut it. Endless opportunities awaits this space. Primarily this space had been a cafe most of the time it was in use. The upper floor has been cleared out and ready for it's next chapter as well. Keep the current layout and give it some upgrades. Or take it down further and make it your own as well. Located in the heart of Coffeen gives this location some extra potential. Next to the fire department, city hall, bank, post office, and around the corner from the Pre-K school will help drive the traffic on by.
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,100 SF
Building Class
C
Year Built/Renovated
1900/2020
Price
$92,500
Price Per SF
$29.84
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
13 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
36’ on West Main Street
PROPERTY TAXES
| Parcel Number | 17-35-407-008 | Improvements Assessment | $9,250 (2024) |
| Land Assessment | $4,970 (2024) | Total Assessment | $14,220 (2024) |
PROPERTY TAXES
Parcel Number
17-35-407-008
Land Assessment
$4,970 (2024)
Improvements Assessment
$9,250 (2024)
Total Assessment
$14,220 (2024)
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107 W Main St
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