Listed by O’Neil Property Group
$925,000
8 E Railroad St, Sandwich, IL 60548
Details
APN 1936104001
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Traditional Office
Square Footage 24,000
Net Rentable (SqFt) 24,000
Units 10
Cap Rate 7.85%
NOI $72,623
Occupancy 100%
Price per SqFt $39
Broker Co-Op Yes
Class C
Year Built 1898
Buildings 1
Stories 3
Lot Size (SqFt) 30,785
Zoning OTHER
Ground Lease No
10 unit mixed use building in downtown
Marketing description
Proudly offered for sale is this 10-unit mixed-use building located in the heart of downtown Sandwich, IL-widely recognized as the home of the Sandwich Fairgrounds and a premier Midwest antique destination. The property features nine second-floor apartments and a substantial first-floor antique retail space. Encompassing approximately 24,000 SF, it stands as the largest building in downtown Sandwich and a cornerstone of the community's history and identity. Numerous updates have been completed, including a new roof (2019), unit and common area renovations (2019-2025), and a heat retrofit (2025), among others. Tenants pay electric and gas including heat, landlord pays water, sewer, garbage, common area electric. Easy to tour. Broker owned. Financials available upon request.
Investment highlights
10 units
Downtown
Updated
Tourist Town
Listing Contacts
Listed by O’Neil Property Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,623.00
$6,051.92/mo
Valuation Metrics
0
DSCR
7.85%
Cap Rate
7.85%
ROI
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