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2-4 E Front St

2,250 SF Retail Building Newark, IL 60541 $350,000 ($156/SF)

Investment Highlights

  • Situated on Newark's main corner
  • This property features updated interiors.

Executive Summary

**Charming Mixed-Use Investment Opportunity Exclusively for Salon Owners in Downtown Newark** Welcome to a unique opportunity tailored exclusively for Salon Owners/Investors! Nestled in the heart of downtown Newark, this charming building promises a blend of personal enjoyment and business potential, all in a prime location. **Main Level Highlights:** - **Retail Space:** Currently operating as a successful hair salon, this vibrant space is ready to welcome its next salon owner. Situated on a bustling downtown corner, the salon enjoys high visibility and a steady stream of clients, offering incredible growth potential for the right entrepreneur. - **Residential Opportunities:** The spacious three-bedroom, two-bathroom apartment on the main level enhances the investment's appeal. It comes with the unique flexibility to accommodate a single family or be thoughtfully divided into two separate living quarters, providing additional income opportunities or personal convenience for the salon owner. To clarify this could be turned into 2 apartments on the first floor. A 1 bedroom 1 bath just a dd a kitchen and then there would be a 2 bedroom 1 bath ready to go. **Upper Level:** - The cozy upstairs apartment, with its modern updates, offers serene living quarters away from the hustle and bustle. The current tenant has been there for over ten years. Built-in income. This apartment has 2 bedrooms, possibly 3 bedrooms 1 bath kitchen and great living area with an upper deck to enjoy. **Key Features:** -4,120sf total **Salon Owner Exclusivity:** Currently offered exclusively to those ready to bring their salon vision to life in a dynamic downtown setting. - **Prime Location:** Situated on Newark's main corner, this property offers unmatched visibility and accessibility for your business. - **Updated Interiors:** Enjoy the blend of historic charm and modern amenities with recent updates throughout the building. - **Community Charm:** Become an integral part of a quaint and welcoming community, while positioning your business for ongoing success. This property is ideal for salon owners who envision running a successful salon while enjoying a convenient live-work setup. Embrace the opportunity to thrive personally and professionally in a beloved community. Your next big opportunity awaits in the growing downtown scene of Newark. Schedule your private showing today to explore this exclusive offering! Please Note*****Currently sellers are only offering to Salon interested parties. Either Investor or Owner Occupied.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Health Club
Building Size
2,250 SF
Building Class
C
Year Built
1920
Price
$350,000
Price Per SF
$156
Tenancy
Single
Building Height
2 Stories
Building FAR
0.07
Lot Size
0.69 AC
Zoning
B-2 - commercial and residential

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-06-282-001
Land Assessment
$11,036
Improvements Assessment
$39,730
Total Assessment
$50,766
  • Listing ID: 33760760

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 2-4 E Front St, Newark, IL 60541

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