Property Description

Solid Commercial Investment Opportunity in Downtown Savanna, Illinois Nestled on Main Street and adjoining the local movie theater, this versatile commercial property offers an exceptional investment opportunity. With the capacity to accommodate two separate businesses, this property is an attractive choice for savvy investors. The front space provides excellent window exposure for high visibility and features a half bath and break room for convenience. It is currently leased by The Man Cave Barbershop, a thriving business that has been a tenant for over two years. The rear space, accessible via a hallway, includes two large open rooms, an efficiency kitchenette, and a bathroom. This area is currently rented as a residential unit with a tenant in place for over a year. There is also a small basement great for storage! Both spaces are leased on a month-to-month basis, providing flexibility for future use. The property generates a total annual rental income of $10,800, with minimal expenses as tenants cover utilities. Annual taxes and insurance come in under $2,000, resulting in an impressive 11.17% cap rate. Additional features include a new hot water heater installed in 2023 and newer gas-forced air and air conditioning systems, ensuring energy efficiency and reliability. Whether you’re looking to expand your portfolio or secure a steady income stream, this property offers significant potential with its prime location and strong tenant history. Don’t miss this opportunity to invest in the heart of Savanna’s vibrant downtown district! Seller is a licensed real estate agent.

Features
: Gas forced air
: Central
: Unfinished, Partial, Cement Poured
Location
US
IL
Carroll County
SAVANNA
61074
MAIN
228
W91° 50' 37.7''
N42° 5' 35.4''
228 MAIN
Additional Information
ACTIVE and AVAILABLE
$527
City
City
Natural Gas
Vinyl
Zambrano
DC Rise Real Estate
: Masonite, Stone, Brick
18558
$0
$0
West Carroll
01/20/2025
01/12/2025 19:52:24

228 MAIN SAVANNA, Illinois 61074

Business/retail For Sale
1,410 Sqft
$77,000

Reference ID: 202500162

Basic Details
Property Type : Business/retail
Price : $77,000
Square Footage : 1,410 Sqft
Acres : 0.03
Agent info

This listing is courtesy of

Ginger Zambrano

DC Rise Real Estate

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