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Listed by Marissa Meyer • Platinum Key Real Estate, LLC
$ 175,000
Est. payment /mo
New
109, 111, 113, 115 S MAIN ST Alexis, IL 61412
7,694 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,694 sqft
Price per Sqft $22
MLS Listing ID CA1045316
Annual Tax Amount $1,866
Tax Year 2025
Property Sub-Type Commercial
Source rmlsa
Property Description
Unlock an exceptional investment opportunity with this versatile mixed-use property offering multiple income streams and endless potential. The main level is home to a well-established bar and restaurant, both currently operating and producing immediate rental income. An additional vacant commercial space provides the perfect opportunity for a retail storefront, hair salon, professional office, boutique, or a variety of other business ventures, allowing a new owner to increase cash flow or occupy the space themselves. Upstairs, the property features three residential apartments, further enhancing the investment potential. Apartment 1 offers a comfortable one-bedroom layout and is currently leased. Apartment 2 features two bedrooms and is ready for a new tenant or owner updates. Apartment 3 is another one-bedroom unit that is also currently rented, creating additional steady income. Whether you're looking to expand your investment portfolio, establish your own business while generating rental income, or capitalize on the flexibility of a mixed-use property, this is a rare opportunity to own a building with diversified revenue sources and room for future growth. With established commercial tenants, residential rental income already in place, and additional leasing potential, this property is positioned to deliver both immediate returns and long-term value.
Location
State IL
County Warren
Area Remainder Warren County
Zoning Multi Use
Direction GPS Friendly
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile, Wood
Fireplace N
Exterior
View true
Roof Type Flat,Membrane
Garage 1
Building
Faces GPS Friendly
Sewer Public Sewer
Water Municipal/City
Structure Type Brick
Others
Tax ID 10-310-005-00