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618-277-4400

8,015 SF Mixed-Use Property For Sale

$365,900

Listing Resources

Listing Description

Investment Opportunity – 8,015 SF building for sale. Tenants include Route 66 BBQ and Southern Kitchen 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.

Reduced Sale Price: $365,900

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 : $365,900
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
Property Tax : $4,722
Tax Year : 2024
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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