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4602 1625 North Rd 2,430 SF 100% Leased Retail Building Danvers, IL 61732 $200,000 ($82.30/SF)
Executive Summary
REMAX Traders Unlimited has been exclusively retained to sell 4602 E 1625 North Road, a 2,430 total SF, mixed-use building in Danvers, Illinois. The property is set up with two units, including a 1Bed/1Bath apartment that is currently rented and a bar, which will be delivered vacant upon closing. The property is located on IL Route 9, just outside of Bloomington, IL and is just 1 of 3 restaurant/bars in Danvers, making it a prime investment opportunity in a supply constrained submarket. A new roof was installed in 2024 and a new water heater in 2019.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,430 SF
Year Built
1945
Price
$200,000
Price Per SF
$82.30
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
0.71 AC
Zoning
Commercial
Property Taxes
| Parcel Number | 12-23-400-012 | Improvements Assessment | $60,517 |
| Land Assessment | $4,600 | Total Assessment | $65,117 |
Property Taxes
Parcel Number
12-23-400-012
Land Assessment
$4,600
Improvements Assessment
$60,517
Total Assessment
$65,117
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4602 1625 North Rd
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