107 W Main St
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107 W Main St
3,100 SF 50% Leased Retail Building Coffeen, IL 62017 $100,000 ($32.26/SF)
INVESTMENT HIGHLIGHTS
- Prime Location: Located in the heart of Coffeen, IL, at 107 W Main, offering great visibility and convenience.
- Spacious Property: The building sits on two lots, providing ample space and potential for future development.
- Flexible Financing Options: Prefer cash offers but will consider owner financing with 10% down, a 7.75% interest rate over 10 years, and tax escrow in
- Mixed-Use Building: Features a versatile open space on the first floor, perfect for commercial use, and apartments on the second floor for rental inco
- Affordable Asking Price: Priced at just $100,000, offering an attractive investment opportunity.
- Available for Viewing Soon: The current tenants are vacating by November 1, making the property ready for viewing and a quick transaction thereafter.
EXECUTIVE SUMMARY
The building is at 107 W Main, Coffeen, IL. The family that is there will be moving out November 1. It will be available for viewing after that. It is an open space on the first floor and apartments on the second floor. I'm asking 100k and the building sits on 2 lots. I would prefer a cash offer but will do owner financing with 10% down; 7.75 interest rate for 10 years. I require tax escrow payment of 125 which brings the payment to about $1205.10 per month.
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,100 SF
Building Class
C
Year Built/Renovated
1920/2020
Price
$100,000
Price Per SF
$32.26
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.02
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
13 Spaces
Frontage
36’ on West Main Street
AMENITIES
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 1,550 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,550 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 1,550 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 17-35-407-008 | Improvements Assessment | $8,630 |
| Land Assessment | $4,640 | Total Assessment | $13,270 |
PROPERTY TAXES
Parcel Number
17-35-407-008
Land Assessment
$4,640
Improvements Assessment
$8,630
Total Assessment
$13,270
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Family Time Properties LLC
107 W Main St
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