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Matt Garrison

mattgarrisonhomes@gmail.com +1(217) 638-8500

Listed by Raul Rodriguez • eXp Realty

$ 195,000

Est. payment | -/mo

3,150 SqFt

Save

$ 195,000

Est. payment | -/mo

Save

3,150 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 3,150 sqft

Price per Sqft $61

MLS Listing ID PA1262986

Year Built 1900

Annual Tax Amount $2,119

Tax Year 2023

Property Sub-Type Commercial

Source rmlsa

Property Description

Main Street Investment Opportunity – 5 Units + Laundry Income + Value-Add Potential Turn-key Investment! Rare opportunity to acquire a five-unit mixed-use investment property located on Main Street in Toulon, IL. Situated on a corner lot in Stark County's central business district, this property offers stable in-place income with additional upside through modest rent increases and improved use of existing space. The building includes five residential units, on-site laundry income, and a basement with potential for an additional revenue stream. Fully occupied, consistent cash flow, attractive low-turnover asset in a limited-inventory rental market. The property is located next to Toulon Tap, a well-known local bar contributing to steady activity and community presence. *The bar and bar building are not included in the sale.* A public park sits directly behind the property, and nearby amenities include Dollar General, City Hall, medical services, Stark County schools (Niche Grade B-), and access to the Rock Island Trail. Conveniently located approximately 18 minutes from Kewanee, IL. Investment Highlights 5 income-producing units Additional laundry revenue Finished basement with income potential Corner Main Street location Stable tenancy with upside opportunity Financial Snapshot Current Monthly Revenue: $2,850 Pro-Forma Monthly Revenue: $3,950 Current NOI: $26,790 Pro-Forma NOI: $39,990 Projected Cap Rate: ~11% with upside Do not disturb tenants! Make an offer!

Location

State IL

County Stark

Area Paar Area

Zoning Commercial

Direction Google Maps. Right in the center of town on the main street Infront of the courthouse

Interior

Heating Electric, Other

Cooling Central Air

Flooring Other, Tile

Fireplace N

Exterior

View true

Roof Type Composition,Flat

Garage 1

Building

Faces Google Maps. Right in the center of town on the main street Infront of the courthouse

Sewer Public Sewer

Structure Type Brick

Others

Tax ID 04-19-327-004

Nearby Locations

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Matt Garrison

REALTOR® | Lic# 475.176635

mattgarrisonhomes@gmail.com

+1(217) 638-8500

905 Magnolia Dr, Chatham, IL, 62629, USA

129 W MAIN ST Toulon, IL 61483

Matt Garrison

Key Details

Location

Interior

Exterior

Building

Others

129 W MAIN ST