Leslie Roland
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
This commercial and residential rental property, located just south of the Macomb downtown square, offers substantial income and opportunities for more. The main level of Building One has just over 4,700 sq ft, split into two spaces: one side has 8 office suites, all of which share a large boardroom and kitchen break room. The other side is currently vacant, with just over 1900 sq ft. This flex space has many uses: a large open area, office areas, and half baths. The upper level of this building has 8 studio-type apartments; most have been updated with new flooring and paint, and lease from $600 to $725 a month. This building has a full basement currently used for storage, with potential for indoor storage units and more. Behind this building is another rental: a nice one-bedroom apartment with an attached two-car garage and an additional 2,000 sq ft of space, currently not in use but with significant potential for additional rental space. Currently, this property has an income of $ 5,730 per month, with potential for more.
Property Highlights
Property Type: Commercial - Office
Building Description: 2.0 stories
Available Sqft: 13514
Year Built: 1920
General Information
County: McDonough
Listed By:
C21 Purdum-Epperson Inc
RMLSA
MLS ID: PA1270958
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221 S Randolph Street, Macomb, IL 61455.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $350,000 | $350,000 | $350,000 |
| Down Payment | $70,000 | $12,250 | $87,500 |
| Monthly Mortgage Amount | $1,839 | $2,258 | $2,269 |
| Taxes | $487 | $487 | $487 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $154 | $0 |
| Monthly Estimated Total | $2,428 | $3,001 | $2,858 |
Leslie Roland
REALTOR®
Office: (309) 743-8000
Cell: (309) 644-2774
Licensed in IA & IL
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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