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Listed by Amanda Barker • DC Rise Real Estate
$ 61,500
Est. payment | /mo
2 Baths
1,410 SqFt
$ 61,500
Est. payment | /mo
2 Baths
1,410 SqFt
Key Details
Property Type Single Family Home
Sub Type House
Listing Status Active
Purchase Type For Sale
Square Footage 1,410 sqft
Price per Sqft $43
Subdivision Il
MLS Listing ID 202601680
Style Other
Full Baths 1
Half Baths 1
Annual Tax Amount $1,533
Tax Year 2024
Lot Size 1,306 Sqft
Property Sub-Type House
Property Description
A fresh start on Main Street at an unbeatable price point. After a full cleanout, fresh paint, and recently updated plumbing and electrical, this 1,400 sq ft commercially zoned mixed-use building is ready for its next owner. Situated in the heart of downtown Savanna adjacent to the movie theater and directly across from Manny's, the visibility and foot traffic speak for themselves. This space has been home to a barbershop continuously since the 1970s — the infrastructure is already there and the town is already trained to walk through that door. But the possibilities go well beyond one use. BUSINESS OWNER: occupy the full 1,400 sq ft as one commercial space with excellent Main Street frontage, large display windows, a half bath, and break room. LIVE AND WORK: run your business from the front commercial unit and live in the rear studio, which features two open areas, an efficiency kitchenette, a full bath, and a separate hallway entrance from the front door. INVESTOR: lease both units and generate income at an entry price of $63,000 — previously producing $1,000/month with tenants covering all utilities and owner responsible only for taxes and insurance, approximately $3,000/year. The rear unit also includes access to a basement for additional storage. At $44/sq ft, this is the lowest price per square foot available in Savanna against a market averaging $80-110/sq ft on pending and sold properties. Seller is a licensed real estate agent
Location
State IL
Area Carroll County
Rooms
Family Room No
Basement Partial
Dining Room No
Interior
Interior Features Attic Storage, Ceiling Fan(s)
Hot Water Electric
Heating Electric
Cooling Central Air
Exterior
Exterior Feature Brick/Stone
Parking Features None
Roof Type Rubber
Building
Sewer City/Community
Water City/Community
Schools
Elementary Schools West Carroll
Middle Schools West Carroll
High Schools West Carroll
School District West Carroll
Others
Ownership Fee Simple