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533 W Main St 3,360 SF 100% Leased Retail Building Princeville, IL 61559 $124,900 ($37.17/SF)
Investment Highlights
- Currently Divided into Three Units
- Located in TIF District
Executive Summary
This well cared for, brick, single story investment property provides great opportunities for a business owner or investor in Princeville, IL. The building is currently divided into three units - an office suite on the east end of the building (1,100 SF), a retail suite on the west end of the building (835 SF), and a lased salon unit in the middle suite (1,300 SF). There is a shared foyer for the middle and east units of approximately 120 SF. The middle unit is currently leased below market rate but the tenant does pay their metered utilities and the public works services - water, sewer and garbage. There are three furnaces and air conditioners, 2 Ameren electric meters (office, salon/retail together), 3 Ameren gas meters, and one water meter/one sewer meter. Property is located in the Princeville TIF I (see https://princeville.org/tax-increment-financing/ for more information).
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,360 SF
Building Class
C
Year Built
1998
Price
$124,900
Price Per SF
$37.17
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.29 AC
Zoning
C-1 - Commercial
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 02-24-201-003 | Improvements Assessment | $23,880 |
| Land Assessment | $5,090 | Total Assessment | $28,970 |
Property Taxes
Parcel Number
02-24-201-003
Land Assessment
$5,090
Improvements Assessment
$23,880
Total Assessment
$28,970
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