$269,000
$289,900
7.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/18/2019
Key Details
Sold Price $269,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10258855
Sold Date 04/18/19
Year Built 1928
Annual Tax Amount $3,698
Tax Year 2017
Lot Dimensions 25 X 135
Property Sub-Type Mixed Use
Property Description
Excellent opportunity for investor or owner/user in the heart of Lockport's downtown business district. Cap rate approaches nearly 11%! Plenty of upside potential and heavy traffic pattern. 3 units in building. 1st floor retail, 2nd floor apartment/office/retail, 3rd floor office/retail/apartment. Owner has addressed multiple deferred maintenance items: updated HVAC system, two new bathrooms, new water heaters, new roof on front gables, new downspouts, added drywall in basement, remodeled kitchen on 2nd floor.
Location
State IL
County Will
Area Homer / Lockport
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Exterior
Utilities Available Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
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Bought with Meghan Iuliano of Dream Town Realty
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