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Listed by Amanda Barker • DC Rise Real Estate
$ 69,000
Est. payment | /mo
1,410 SqFt
$ 69,000
Est. payment | /mo
1,410 SqFt
Key Details
Property Type Commercial
Sub Type Business/Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,410 sqft
Price per Sqft $48
Subdivision Il
MLS Listing ID 202506725
Annual Tax Amount $527
Tax Year 2022
Lot Size 1,306 Sqft
Property Sub-Type Business/Retail
Property Description
Solid Commercial Investment Opportunity in Downtown Savanna! Two properties for the price of one — all under one roof! This versatile Main Street property adjoins the local movie theater and offers prime visibility with consistent rental income since 2022. Front Unit: Currently leased by The Man Cave Barbershop, a thriving business of over 3 years. Features excellent window exposure, a half bath, and a break room. ($500/month) Rear Unit: Accessed via a hallway, includes two large open rooms, an efficiency kitchenette, and a full bath. Currently rented as a residential unit with a reliable tenant in place. ($500/month) Both tenants are on month-to-month leases and pay all utilities, keeping owner expenses minimal. Total annual income of $12,000, with annual taxes and insurance combined at just $3,065.42, producing an estimated 17% gross cap rate and 13% net cap rate. Additional highlights include a small basement for storage, a new hot water heater (2023), and newer gas-forced air and A/C systems. Whether you're expanding your portfolio or seeking a steady income stream, this well-maintained property offers flexibility, stability, and an exceptional return in the heart of Savanna's vibrant downtown district. Seller is a licensed real estate agent.
Location
State IL
Zoning Commercial
Rooms
Basement Unfinished, Partial, Cement Poured
Interior
Hot Water Natural Gas
Heating Gas Forced Air
Flooring Vinyl
Exterior
Exterior Feature Brick, Masonite, Stone
Roof Type Rubber
Building
Sewer City
Water City
Schools
School District West Carroll
Others
Virtual Tour https://photos.app.goo.gl/jppZtWT2GnDD3jGW9
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