Bought with KATIE MCPEEK • JIM SULLIVAN REALTY
$200,000
$219,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
2,976 SqFt
SOLD DATE : 12/23/2022
Key Details
Sold Price $200,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,976 sqft
Price per Sqft $67
MLS Listing ID 202207372
Sold Date 12/23/22
Annual Tax Amount $5,331
Tax Year 2021
Lot Size 0.590 Acres
Property Description
Excellent commercial opportunity with multiple sources of income in a prime location in Stockton IL. This property is situated perfectly on a corner lot with 200 ft of road frontage on heavily traveled US Route 20 and approximately 120 ft road frontage on N Pearl St. With nearly 3,000 sq ft of space, the existing building has been split into three different sections. The largest space, operating as Wagner Automotive-an owner-occupied auto sales space with three large offices, a open lobby area and men's and women's restrooms. The north office could easily be used as a conference room and/or break room. In the rear is an owner occupied heated garage space with two overhead doors to alley access, an open work bench area, three phase power and floor drains. Interior access between the garage and the auto sales space is in place. The third space has its own exterior access and currently operates as a successful salon with an open salon floor, separate room for nail services, a break room and a rest room. The salon currently rents at $600/mo on a month to month agreement which tenants would happily continue. An additional $1,500/yr income is generated by a Lamar billboard on the east side of the property. The remainder of the .59 acre lot is over 15,000 sq foot of asphalt parking lot that enters and exits to both US Route 20 and N Pearl St. Location is absolutely key as US Route 20 is the primary route between Chicago and Galena and sees over 6,000 vehicles per day on average and even more on busy weekends. Furthermore, the lots sits within eyesight of the US 20 and IL Route 78 intersection which sees 7,250 vehicles per day on average and within walking distance to Stockton school and park districts. Whether a new or existing business looking to increase your exposure, or a commercial property investor-you can not go wrong with this low maintenance but high performance commercial property. Private viewings available by appointment, schedule yours today!
Location
State IL
County Jo Daviess County
Rooms
Basement Slab
Interior
Hot Water Natural Gas
Heating Gas Forced Air
Flooring Laminate, Carpet
Exterior
Exterior Feature Vinyl
Roof Type Shingle
Building
Sewer City
Water City
Schools
School District Stockton
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