
Listed by @properties
$359,999
821 S Halleck Street
Details
Property Type Mixed Use, Retail
Sub Type Convenience Store, Storefront
Cap Rate 10.00%
NOI $70,000
Occupancy 1%
Year Built 1953
Lot Size (SqFt) 0.1 - 0.12
Zoning commercial
Parking Spaces 3 spaces
Ground Lease No
Ceiling Height 8
Ownership owner owned and operted
RETAIL SPACE, PUBLIC PARKING LOT ON SAME SIDE OF STRIP MALL. HISTORIC DEMOTTE . FULL BASEMENT
Marketing description
Tucked right into the beating heart of DeMotte, 821 S Halleck stands as a familiar landmark in Old Town, a place many in the community recognize at a glance. It is the only stand-alone building on the east side of Halleck Street, holding a distinct place in the town's layout and history. The building offers over 6,200 square feet of interior space. It is currently operated as a vintage furniture boutique WITH OPTION TO SELL WITH INVENTORY INCLUDED. Or repurpose the space for a different use. The property is zoned for business, allowing for a range of commercial possibilities as DeMotte continues to grow. The main level includes LARGE showroom areas that can remain open or be divided into office suites for multiple tenants. Two bathrooms are located on this level and are accessible from the showroom. The basement has concrete floors and 7-foot ceilings, with access from two stairways: a public stairway located in the center of the main showroom and a second, private stairway at the back for employee use. Parking includes roadside spaces directly in front of the building and two designated employee spots in the rear. As DeMotte's population increases, this property offers an opportunity to be part of the town's ongoing story--ready for its next use while still carrying the structure and presence that have made it a lasting part of Old Town.
Investment highlights
call 2197306753 to preview this expansive retail building, large main level show room floor. FULL basement could be used as storage or prep area. Space could be designed as a coffee shop, deli, bakery, you name it! Currently used as boutique furniture store. Option to sell building with inventory and continue the business. Public parking lot on same side of strip mall, 3 private spaces in the back for employees. Located in DeMotte Downtown area, Historic District. Next too the towns post office and a resale shop, higher area foot traffic.
Listing Contacts

Listed by @properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,000.00
$5,833.33/mo
Valuation Metrics
0
DSCR
19.44%
Cap Rate
19.44%
ROI
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