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1027 State Street

CHESTER, IL 62233
  • $435,000
  • STATUS: Active
  • ON SITE: 103 Days
  • ID#: 23068718
UPDATED: 39 min ago
$435,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,000
    SQFT
  • $54
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1939
County:

School Ratings & Info

Description

Turn-key income producing property right here! Restaurant tenant has 5 years remaining on a 10 year lease. Busy street frontage. Upstairs has 7 apartments ((3) Three 1 bed 1 bath; (4) Four efficiency.) Very low vacancy rate as in almost never. Walking distance to Gilster Mary-Lee and the business center of Chester. Roof is approximately 10 years old with EPDM roofing material. Most of the apartments have been remodeled and updated. Baseboard heat and window unit a/c. There is a covered porch area in the back with back steps for apartment hallway entrance. Parking in rear for tenants. Tenants rights are respected, so please allow 24 hours for showing requests. Listing agent/seller may be present at showings.

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-02-29T06:40:32.44.

Hartmann Realtors Inc.: (618) 344-7900
www.hartreal.com/homes/145342004
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1027 State Street CHESTER, IL 62233

  • Price: $435,000
  • Status: Active
  • On Site: 103 Days
  • Updated: 39 min ago
  • ID#: 23068718
0
Beds
0
Baths
0
½ Baths
0.12
Acres
8,000
SQFT
$54
$/SQFT
1939
Built
Neighborhood:
Swanwicks Add
County:
Randolph-Il
Property Description
Turn-key income producing property right here! Restaurant tenant has 5 years remaining on a 10 year lease. Busy street frontage. Upstairs has 7 apartments ((3) Three 1 bed 1 bath; (4) Four efficiency.) Very low vacancy rate as in almost never. Walking distance to Gilster Mary-Lee and the business center of Chester. Roof is approximately 10 years old with EPDM roofing material. Most of the apartments have been remodeled and updated. Baseboard heat and window unit a/c. There is a covered porch area in the back with back steps for apartment hallway entrance. Parking in rear for tenants. Tenants rights are respected, so please allow 24 hours for showing requests. Listing agent/seller may be present at showings.
Exterior Features

Attached Garage YN No Lot Size Dimensions 40x131 Lot Size Source Appraiser Parking Features Gravel Road Frontage Type City Street Roof Flat Unit Location CityHigh Traffic

Interior Features

Above Grade Finished Area Source Appraiser Building Square Footage 8000.00 Cooling Window Unit(s) Heating Individual Unit Heating YN Yes

Property Features

Association Southwestern Illinois Board of REALTORS Business Name Subway Commercial Type Multi-Family LandRetail Current Financing Cash OnlyConventional Current Use Two StoriesApartmentRestaurant Disclosures UnknownFlood Plain No Electric Ameren Inclusions Building & LandSubject to Lease Lease Term More than 3 Years Miscellaneous 2+ Lavatories Net Operating Income 48604 Operating Expense Includes MaintenanceInsuranceReal Estate Tax Possession Close Of Escrow Possible Use RestaurantOfficeProfessional ServiceRetail Property Sub Type Commercial & Indr. Sewer Public Sewer Special Listing Conditions No ExemptionsNone Tax Annual Amount 3377 Tax Year 2022 Transaction Type Sale Utilities Cable AvailableElectricity AvailableGas to SiteWater AvailableSewer Available Water Source Public Zoning Commercial

Listing provided courtesy of Worth Clark Realty: 9916092. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-02-29T06:40:32.44.

Hartmann Realtors Inc.: (618) 344-7900
 
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Collinsville IL, 62234