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704 N Main and 703 N Parke Street
Tuscola, IL 61953
Jarman Center · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Well-built historic brick building and additional 5-Unit apartment building on campus
  • Price just reduced
  • Versatile multi-use property includes 5 unit apartment building in addition to primary 48,000 square foot building

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
87,843 SF
Building Class
B
Year Built/Renovated
1965/1990
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
15,000 SF
Building FAR
0.89
Lot Size
2.27 AC
Zoning
Multi family - Multi-family zoning with special use permits for professional offices, restaurants, food service, congregate living, and event center.
Parking
80 Spaces (0.91 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Conferencing Facility
  • Kitchen
  • Accent Lighting
  • Reception
  • Natural Light
  • Food Service
  • Wi-Fi
  • Air Conditioning

ABOUT 704 N MAIN AND 703 N PARKE STREET , TUSCOLA, IL 61953

Historic building was formerly the Douglas County hospital and 5 unit apartment building - with laundry room and resident storage units. 24 individual resident apartments (mix of Studio & 2 Bedroom units) each with private bathrooms and seated showers 11 of the units are currently occupied with long term residents and the other units are rented out nightly, weekly, and monthly Undeveloped wing can be converted into additional units Office space, conference, and meeting rooms available on main floor with reception area Commercial kitchen and large dining room for residents or restraunt. Community can be converted to rehab, event, retreat center or multi family housing. Sale includes fully occupied additional adjacent apartment building with 5 units (Four 2 Bedroom units & One 1 Bedroom unit)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-02-34-107-002
Land Assessment
$47,544
Improvements Assessment
$424,353
Total Assessment
$471,897
  • Listing ID: 24511974

  • Date on Market: 11/18/2021

  • Last Updated:

  • Address: 704 N Main and 703 N Parke Street, Tuscola, IL 61953

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