2936 Bernice
Mixed Use property with tons of potential
Marketing description
Prime Mixed-Use Commercial Property in Lansing, IL - Income-Producing! This well-maintained mixed-use property in the heart of Lansing offers an excellent investment opportunity with solid rental income. The building features two large office spaces currently rented as one, as well as two 1-bedroom apartments, each with good space. With reliable tenants already in place, the property generates consistent cash flow, making it a smart addition to any investor's portfolio. The property is in good condition and provides ample potential for future updates or customization to suit your needs. Whether you're looking to continue as-is with minimal maintenance or implement value-added improvements, the versatility of this mixed-use space allows for various possibilities. Additionally, the property's ideal location is a major selling point. Situated near shopping, dining, and essential services, as well as major thoroughfares, it offers convenience and accessibility for both residential and commercial tenants. With its established income stream, strong rental history, and excellent location, this property presents a unique opportunity to invest in a great area. Don't miss out on this chance to acquire a stable, income-producing asset with long-term potential.
Investment highlights
Investment Highlights:
Income-Producing Property: Generates a total of $2,700 per month in rental income ($1,000 from the commercial office space and $1,700 from the two residential apartments), offering steady cash flow.
Mixed-Use Flexibility: Combines commercial and residential units, diversifying your income sources and reducing risk exposure.
Strong Rental Demand: Both office and apartment units are fully occupied with reliable tenants, ensuring stable occupancy and minimal downtime.
Prime Location: Located in a high-traffic area near shopping centers, restaurants, and major roadways, offering convenience for both commercial and residential tenants.
Future Growth Potential: The property is in decent condition, with opportunities for improvements or upgrades to increase rental rates and overall property value.
Low Vacancy Risk: Proximity to major thoroughfares ensures high visibility and easy access for tenants, contributing to a consistent demand for both commercial and residential spaces.
Affordable Investment in a Growing Market: Lansing is a developing area with increasing demand for both commercial and residential properties, making this an ideal time to invest.
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