$600,000
$625,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/29/2025
Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12328761
Sold Date 05/29/25
Year Built 1950
Annual Tax Amount $21,782
Tax Year 2023
Lot Dimensions 240.72 X 180 X 240.72 X 180
Property Sub-Type Mixed Use
Property Description
Calling Investors!!! Great investment opportunity with two means of income - Successful existing restaurant with a 3 year lease plus a 5 unit apartment building (long term renters) - great cash flow. Restaurant has been remodeled & kitchen updated. Apartments have 2 bedroom & laundry in each. Lots of paved parking for both the restaurant and apartments. Great central location on the state highway and in the busy business area with a traffic count of 10,600 daily. (business not included - only building and apartments) Outdoor covered patio not included in the sale.
Location
State IL
County Ogle
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N true
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Rebecca Hazzard • RE/MAX of Rock Valley
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "