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8,015 SF Mixed-Use Building for Sale 2 Retail Properties Offered at $399,000 in Litchfield, IL
INVESTMENT HIGHLIGHTS
- Located directly across from the Square and Memorial Gardens in Uptown district.
- High traffic count area located right on highway 16. Just minutes from I-55 (exit 52) and shopping.
EXECUTIVE SUMMARY
Investment Opportunity – 8,015 SF building for sale. Tenants include Giannis Restaurant, a frozen pizza maker, 2 upstairs apartments leased, 2 additional units under renovation. Two 900 SF street level spaces available for lease. Rear employee/tenant parking and additional parking are located in front of the building and around the city square. THIS IS IN A TIF AREA.
4 upstairs apartments ( 2 are finished and leased, newer wiring, plumbing, water heaters, Windows. Apartments upstairs above 119/121 are one bedroom units which are occupied.
Building 115 – $900/month. New Split A/C, newer water heater. Currently used to produce frozen pizzas. Upstairs unfinished apartments needs flooring and lighting (lease will be $1100/month). 2 bed, 1 bath, shared washer/dryer hook ups.
Space 117 – remolded for a gaming parlor, now currently vacant (new Split A/C, newer Water heater). Upstairs unfinished apartments needs flooring and lighting (lease will be $1100/month). 2 bed, 1 bath, shared washer/dryer hook ups.
Building 119 and 121 E. Union is occupied by Route 66 BBQ and Southern kitchen (located in the former Giannis). Roof over the restaurant is newer.
Located directly across from the Square and Memorial Gardens in Uptown district. High traffic count area on IL Route16 (E Union Ave). Just minutes from I-55 (exit 52) and shopping.
4 upstairs apartments ( 2 are finished and leased, newer wiring, plumbing, water heaters, Windows. Apartments upstairs above 119/121 are one bedroom units which are occupied.
Building 115 – $900/month. New Split A/C, newer water heater. Currently used to produce frozen pizzas. Upstairs unfinished apartments needs flooring and lighting (lease will be $1100/month). 2 bed, 1 bath, shared washer/dryer hook ups.
Space 117 – remolded for a gaming parlor, now currently vacant (new Split A/C, newer Water heater). Upstairs unfinished apartments needs flooring and lighting (lease will be $1100/month). 2 bed, 1 bath, shared washer/dryer hook ups.
Building 119 and 121 E. Union is occupied by Route 66 BBQ and Southern kitchen (located in the former Giannis). Roof over the restaurant is newer.
Located directly across from the Square and Memorial Gardens in Uptown district. High traffic count area on IL Route16 (E Union Ave). Just minutes from I-55 (exit 52) and shopping.
PROPERTY FACTS
| Price | $399,000 | Number of Properties | 2 |
| Price / SF | $64.94 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 6,144 SF |
| Status | Active | Total Land Area | 0.30 AC |
| Price | $399,000 |
| Price / SF | $64.94 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,144 SF |
| Total Land Area | 0.30 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 115-117 E Union Ave, Litchfield, IL 62056 | Retail | 4,538 SF | - | - |
| 121 E Union Ave, Litchfield, IL 62056 | Retail | 1,606 SF | 1950 | - |
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8,015 SF Mixed-Use Building for Sale
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