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28334685
28334687

115 E Union Ave, Litchfield, IL 62056

JE
IL 471004100
Barbermurphy Group
Listed by Barbermurphy Group
$365,900
647 days on market
Updated 92 days ago

8,015 SF Mixed-Use Property for Sale

Details
APN 10-33-376-009,-008,-006,-005
Property Type Retail
Sub Type Bar, Restaurant (+1)
Square Footage 8,015
Lease Type Gross
Price per SqFt $46
Class B
Year Built 1915
Year Renovated 2015
Buildings 4
Stories 2
Acreage 0.250
Zoning C-2 Heavy Commercial
Parking Spaces 8 spaces
Parking Per SqFt 1.00
Investment Type Value Add

Retail | 8,015 SqFt

Marketing description

Investment Opportunity - 8,015 SF building for sale. Tenants include Route 66 BBQ and Southern Kitchen 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 DISTRICT.

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.

Investment highlights

Listing Contacts

JE
IL 471004100
Barbermurphy Group
Listed by Barbermurphy Group

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