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29768849
29768848

1001 Division St, Orion, IL 61273

SS
IL 475189483
The Hawkeye Group
Listed by The Hawkeye Group
$195,000
167 days on market
Updated 8 days ago

1001 Division St

Details
Property Type Office
Sub Type Creative Office, Traditional Office
Square Footage 3,516
Net Rentable (SqFt) 3,416
Units 8
Tenancy Multi
Price per SqFt $55
Class A
Buildings 1
Stories 1
Lot Size (SqFt) 13,504
Zoning Commercial
Sale Condition For sale by owner

Office | 3,516 SqFt

Marketing description

Recently renovated and remodeled office building turned salon suites featuring a freshly painted exterior/interior, updated windows, and new flooring throughout. The property also includes a fully updated restroom. Estimating that HVAC and LED lighting were updated in 2022/2023.

The building consists of eight individual salon suites, with six currently leased at $300 per month. The current owner occupies three of the suites and intends for the business operations to continue as-is, with existing leases remaining in place.

This property offers a solid investment opportunity with room for future growth through rent increases or additional leasing potential.

Please note: Property taxes have not yet been reassessed, as the former owner was a nonprofit. Prospective buyers should factor a potential tax adjustment into their cash flow analysis.

Listing Contacts

SS
IL 475189483
The Hawkeye Group
Listed by The Hawkeye Group

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Additional Information

Name
Shawn Stuenkel, CCIM
License
475189483
Brokerage
Hawkeye Commercial Real Estate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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