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Listed by Tyler Bushof Real Broker, LLC
$ 700,000
Est. payment | /mo
2,500 SqFt
$ 700,000
Est. payment | /mo
2,500 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $280
MLS Listing ID 12547362
Year Built 1910
Annual Tax Amount $8,440
Tax Year 2024
Lot Dimensions 25x75
Property Sub-Type Mixed Use
Property Description
This 117-year-old building has been meticulously updated to meet modern building codes and tenant expectations. The comprehensive 2022 renovation addressed all critical building systems, effectively resetting the property's lifecycle and minimizing near-term capital expenditure requirements. The outdoor deck space adds desirable amenity value that commands premium rents in downtown commercial markets. The recent $150,000+ capital investment in building systems represents a significant value-add completed by the current ownership. These improvements not only ensure tenant comfort and safety but also dramatically reduce the risk profile for prospective buyers. All work was performed to current commercial building codes, and the new sprinkler and fire alarm systems provide insurance advantages and enhanced tenant appeal. The building now offers the charm of historic architecture with the reliability and safety of new construction.
Location
State IL
County Kane
Zoning COMMR
Interior
Cooling Central Air, Central Individual, Zoned
Flooring Wood
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
View Y/N true
Roof Type Rubber,Varies
Building
Foundation Concrete Perimeter, Stone
Sewer Storm Sewer
Water Municipal Water
Structure Type Brick,Stone
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