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.
Reference ID: 202205309