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105 Jefferson
Hanover, IL 61041

Commercial in Hanover / IL / 61041

$125,000

20% Min Down
Commercial
5,808 Sqft
$22 / Sqft
Listed Jan 15th, 2020, Built in 1940
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Common Charges
$0
Property Taxes
$488
Mortgage
$463
Total Monthly Payment
$951
Est. Rental Income
$805
Cap Rate
3.05%
HopScore Analysis
HopScore Market Price:
$126,250
Difference from Asking Price:
$1,250
Closest Comparable:
None Found
Description
REDUCED! Don’t miss out on this Great Income Opportunity! This beautiful commercial building is located on a high traffic area and boasts over 2500 square feet on the main floor with 2 1100 square feet two-bedroom apartments on the upper level. The entire storefront was renovated in 2016 which included new poured concrete steps, new electric, drywall, flooring, plumbing and a Hi Efficiency furnace. In 2018 an addition was added to accommodate a handicap entrance with a loading dock and an 8 X 7 overhead door. Also, in 2018 a new roof was installed. The property is fully occupied and the grocery store will be opening in the spring of 2020. Current monthly income is $1,600 per month!

The manager has listed the unit size as 5808 square feet.
Features & Amenities
Basement
None
Exterior: Brick
Floor Coverings: Concrete, Tile, Wood
Listed By
STEPHEN "HENRY" CLAY
(815) 291-7915
JIM SULLIVAN REALTY
Price History
Date Event Price Source
2020-12-03 Relisted $125,000 Listing Records
2020-07-15 Status Change Off Market Listing Records
2020-01-15 Listed $149,900 Listing Records
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Recent Transactions at 105 Jefferson
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Nearby Schools

(within attendance boundary)
4141 Il Route 84 S, Hanover, IL 61041
Public  •  Elementary  •  Grades PK to 5
River Ridge Community Unit School District 210
River Ridge Middle School  •  4.26 mi
4141 Il Route 84 S, Hanover, IL 61041
Public  •  Middle School  •  Grades 6 to 8
River Ridge Community Unit School District 210
River Ridge High School  •  4.26 mi
4141 Il Route 84 S, Hanover, IL 61041
Public  •  High School  •  Grades 9 to 12
River Ridge Community Unit School District 210
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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Copyright © 2021 Realtor Association of Northwestern Illinois. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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