See Home Value
Lena 61048
119 W Railroad
$178,512*
Commercial - Off Market

119 W Railroad

LENA, IL 61048
bedrooms
Studio
bathrooms
0 Bath
$162,000 - $196,000
Reference Base Price*
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Excellent location and excellent rental history on this commercial opportunity located in downtown Lena IL.  The main floor consists of almost 3,000 sq ft of space that includes a retail space in the front currently DBA Illinois Farmer newspaper and a large storage space in the rear.  Shipments and deliveries can flow easily from truck to building from the back loading dock and 8 X 8 overhead garage door that leads right into the climate controlled storage space.  Located in the middle section of the main floor is a restroom and a large open space that would work well for private office space and/or meeting room.  A separate outside entrance leads to upstairs where there are 2 bedrooms furnished with kitchen appliances and laundry.  This property currently has four different sources of rental income that totals $15,000 annually and boasts a 6.5% CAP rate.  This is a great opportunity for someone looking to add a commercial investment property to their portfolio or for an existing business to move into a busy downtown location.  Nearby highways include Illinois Route 73 with a daily traffic count of 4,250 ft and just a few short miles off US Route 20 with a daily traffic count of 6,450.  Lena is located approximately 2 hours from Chicago, 1 hour 20 minutes from Madison, 1 hour 10 minutes from the Quad Cities, and just 45 minutes from Rockford.  Please allow 24 hour minimum notice for showings.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$174
HOA Dues
-
Year Built
1897

Price History

Date / Event Date Event Price
Jul 12, 2023 No longer available -
No longer available
Jun 17, 2023 In contract -
In contract
Mar 14, 2023 Relisted $179,000
Relisted
Mar 3, 2023 No longer available -
No longer available
Dec 6, 2022 Relisted $179,000
Relisted
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Property Highlights

Exterior Details

Exterior Information

Brick
Stucco


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
3 Baths
2,708 ft²
$61/ft²
$164,900 Jun 25, 2021
-
$2,808/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

119 West Railroad Street 119 West Railroad Street, Lena, IL 61048
  • 1 Unit for Sale
More about this Building
119 West Railroad Street
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About Lena


Similar Homes for Sale

Unit for sale at 217 East Lena Street, Lena, IL 61048

$164,900

  • 2 Beds
  • 3 Baths
  • 2,708 ft²
217 East Lena Street, Lena, IL 61048 Listing by JOAN WELT

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