$178,512*
●
Commercial -
Off Market
119 W Railroad
LENA, IL 61048
Studio
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 |
Show More
Property Highlights
Exterior Details
Exterior Information
Brick
Stucco
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
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