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118 S Lafayette St 8,686 SF Retail Building Macomb, IL 61455 $425,000 ($48.93/SF)
INVESTMENT HIGHLIGHTS
- Turnkey restaurant, fully equipped, seating up to 180 guest.
- Located on the the Historic downtown district of Macomb IL
- Added income with four apartments!
EXECUTIVE SUMMARY
Looking to get into the restaurant business, this turnkey restaurant located in the Historic downtown district of Macomb IL is available. This restaurant is a breakfast/lunch diner type of operation and is fully equipped. The main dining room area has seating for 80+ customers, and counter/bar seating. For those busy days or private parties, you have an additional room that can seat up to 100+ customers, a lot of potential with this room. The kitchen has been updated, and has a lot of dry storage, 8x10 walk-in cooler and 8x6 freezer.
For added income the upper level of the building has four finished apartments, one is a 3 bedroom, 1 bath, two are 2 bedrooms, 1 bath units, and one is a 1 bedroom, 1 bath unit. All units are move-in ready. There is another apartment, 1 bedroom efficiency type apartment that is unfinished, with some work could also be available for rent. These apartments have potential income of $3000+ a month. Current owner would consider financing with good down payment.
For added income the upper level of the building has four finished apartments, one is a 3 bedroom, 1 bath, two are 2 bedrooms, 1 bath units, and one is a 1 bedroom, 1 bath unit. All units are move-in ready. There is another apartment, 1 bedroom efficiency type apartment that is unfinished, with some work could also be available for rent. These apartments have potential income of $3000+ a month. Current owner would consider financing with good down payment.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$7,265
|
$0.84
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,265
|
$0.84
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $7,265 |
| Annual Per SF | $0.84 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,265 |
| Annual Per SF | $0.84 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
8,686 SF
Building Class
C
Year Built
1900
Price
$425,000
Price Per SF
$48.93
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.45
Lot Size
0.14 AC
Zoning
Commercail
Frontage
64’ on S Lafayette St
AMENITIES
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-400-067-00 | Total Assessment | $61,586 (2024) |
| Land Assessment | $13,653 (2024) | Annual Taxes | $7,265 ($0.84/SF) |
| Improvements Assessment | $47,933 (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
11-400-067-00
Land Assessment
$13,653 (2024)
Improvements Assessment
$47,933 (2024)
Total Assessment
$61,586 (2024)
Annual Taxes
$7,265 ($0.84/SF)
Tax Year
2023 Payable 2024
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118 S Lafayette St
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