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618-277-4400

8,015 SF Mixed-Use Property For Sale

$399,000

Listing Resources

Listing Description

Investment Opportunity – 8,015 SF building for sale. Tenants include Giannis Restaurant, 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.

Located directly across from the Square and Memorial Gardens in Uptown district. High traffic count area on IL Route16 (E Union Ave). Just minutes from I-55 (exit 52) and shopping.

Sale Price: $399,000

Lease Rate: $12.00/SF, Gross

Listing Details

Listing No : 2964
Sale Or Lease : For Sale
Property Type(s) : Retail, Restaurant/Bar
Building Size (Sqft) : 8,015 Sqft
Lot Size (Acres) : 0.25 Acre(s)
Total Sqft Available : 8,015 Sqft
Sale Price : $399,000
Building Total Sqft : 8,015 Sqft
Total Sqft Available : 8,015 Sqft
Min Divisible Sqft : 8,015 Sqft
Max Contiguous Sqft : 8,015 Sqft
Parcel No : 10-33-376-009, -008, -006, 005
Zoning : C-2 Heavy Commercial
TIF : Yes
Enterprise Zone : Yes
Parking : 8
Parking Surface Type : Rock
Tax Year : 2025
Traffic Count : 10,200
Year Built : 1915
Rehab Year : 2015
Class : B
Clearance Min : 10 ft
Clearance Max : 12 ft
Roof : Flat
Exterior : Brick
Floors : 2
Acres : 0.25 Acre(s)
Frontage : 88 ft
Depth : 123 ft
Interstate : I-55

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