120 N Side Sq | Macomb, IL 61455
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120 N Side Sq
Macomb, IL 61455
Retail Property For Sale
Executive Summary
This commercial building located downtown in Historic Macomb IL, offers two retail/business storefronts that are currently rented. One of the spaces has just over 4000 sq ft. The other unit also has just over 4000 sq ft and both are currently rented. Both commercial spaces have an entrance from the downtown square and a back entrance off Carroll St. The second level of the building has four studio apartments, all four are currently rented, three are rented at $400 a month and one at $450, utilities are included in the rents. The second level has the potential for more rental space with close to 5000 sq ft of unfinished area ready to develop. The current owner has a long list of major improvements to this building over the past five years, some are, tuckpointing exterior, Durolast PVC Roof, new windows, HVAC units for apartments, front awning, 7.5 ton AC unit for commercial space, and much more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
24,912 SF
Year Built
1900
Price
$675,000
Price Per SF
$27
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.19 AC
Zoning
business
Frontage
48 FT on North Side Square
PROPERTY TAXES
| Parcel Number | 11-100-178-00 | Improvements Assessment | $49,836 |
| Land Assessment | $18,613 | Total Assessment | $68,449 |
PROPERTY TAXES
Parcel Number
11-100-178-00
Land Assessment
$18,613
Improvements Assessment
$49,836
Total Assessment
$68,449
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