Property Description

Excellent location and excellent rental history on this commercial opportunity located in downtown Lena IL. The main floor consists of almost 3,000 sq ft of space that includes a retail space in the front currently DBA Illinois Farmer newspaper and a large storage space in the rear. Shipments and deliveries can flow easily from truck to building from the back loading dock and 8 X 8 overhead garage door that leads right into the climate controlled storage space. Located in the middle section of the main floor is a restroom and a large open space that would work well for private office space and/or meeting room. A separate outside entrance leads to upstairs where there are 2 bedrooms furnished with kitchen appliances and laundry. This property currently has four different sources of rental income that totals $15,000 annually and boasts a 6.5% CAP rate. This is a great opportunity for someone looking to add a commercial investment property to their portfolio or for an existing business to move into a busy downtown location. Nearby highways include Illinois Route 73 with a daily traffic count of 4,250 ft and just a few short miles off US Route 20 with a daily traffic count of 6,450. Lena is located approximately 2 hours from Chicago, 1 hour 20 minutes from Madison, 1 hour 10 minutes from the Quad Cities, and just 45 minutes from Rockford. Please allow 24 hour minimum notice for showings.

Features
: Gas forced air
: Central, Window
: Partial bsmt unfinished
: Street & Back
Location
US
IL
Stephenson County
LENA
61048
Railroad
119
W90° 10' 35.3''
N42° 22' 44''
119 W Railroad
Additional Information
ACTIVE and AVAILABLE
$2,089
City
City
Natural Gas
Laminate,Wood
BEYER
JIM SULLIVAN REALTY
: Stucco, Brick
18359
$0
$0
LeWin
01/01/1970

119 Railroad LENA, Illinois 61048

Mixed Use For Sale
5,232 Sqft
$179,000

Reference ID: 202205309

Basic Details
Property Type : Mixed Use
Price : $179,000
Square Footage : 5,232 Sqft
Acres : 0.09
Agent info
Brandon Beyer
Sullivan Realty
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