Basics
- Date added: Added 14 hours ago
- Category: Commercial
- Type: Commercial Sale
- Status: Active
- Year built: 1900
- ListOfficeName: eXp Realty
- ListAOR: rmlsa
- MLS ID: RMAPA1262986
Description
-
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!
Show all description
Location
- CountyOrParish: Stark
- Directions: Google Maps. Right in the center of town on the main street Infront of the courthouse
Building Details
- NewConstructionYN: No
- Building Name: Main Street Apartments
- Heating: Electric, Other
- Exterior material: Brick
- Roof: Composition, Flat
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Central Air
