Price Reduction - Eco Friendly
Address
1103 Main Street Spring Grove, IL
Price
$ 189,900
Property Attributes
  • MLS#10687749
  • TypeCommercial
  • CountyMC HENRY
  • CitySpring Grove
  • AreaSpring Grove
  • Zip60081
  • StyleCommercial,Retail
  • Year Built1970
  • Taxes4198
  • Price$ 189,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1100
Listing Provided Courtesy Of:
RE/MAX Advantage Realty
Property Description

Excellent opportunity to live and work - B-1 zoning allows for a multitude of uses with a great location on a corner with stoplights and less than 1/2 mile from busy Route 12. The income from the billboard rental alone pays for your real estate taxes! A total of 4 buildings on .59/acre include a 2 bedroom house that has also served as a business office, a 2+ car garage (the house and 2 car garage last rented for $1350/month and are currently vacant), another 2 car garage with a heated finished office in one of the bays and a pole barn (those 2 buildings had rented for a total of $250/month and are currently vacant), PLUS billboards (4 - 4x8 sections) that can be rented for $150/each section for a total of $600/month when completely rented (currently 3 sections are rented) for a total of $2200/month income when fully rented. Superb cash flow with a CAP rate of about 8.5% assuming $3000/year maintenance and $4500/year real estate taxes. Very easy to show. 2019 furnace (house), 2018 water heater, exteriors need paint, sold as-is.

Price History
4/10/2020 Listed $224,900
5/13/2020 7% - $209,900
7/1/2020 3% - $204,900
7/27/2020 3% - $198,900
10/9/2020 5% - $189,900

General Features

Property Type Mixed Use
Property Type Commercial Sale
Roof Composition
Standard Status Active
Zoning COMMR

Exterior Features

Building Area Total 1100
Exterior Frame
Lot Dimensions 100X43X118X133X143+49X151X49X153

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60081

Price
AVG $200K
$190K
Taxes
AVG $12,356
$4,198
Visits
AVG 12
8
Year Built
AVG 1977
1970
Walkscore
AVG 31
3
Data Provided by Walkscore ® not using MLS data