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Listed by ToddM Musso • The Real Estate Group, Inc.
$ 300,000
Est. payment /mo
New
145 N SPRINGFIELD ST Virden, IL 62690
13,724 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,724 sqft
Price per Sqft $21
MLS Listing ID CA1046639
Annual Tax Amount $5,265
Tax Year 2025
Lot Dimensions 111 x 77
Property Sub-Type Commercial
Source rmlsa
Property Description
Investment opportunity with income already in place! This two-story mixed-use building features two commercial units and eight residential units, offering multiple income streams under one roof. Five of the eight residential units are currently occupied, allowing a new owner to begin generating rental income from day one, with additional upside by leasing the remaining three units. The property has appraised for $400,000 and is being offered at $300,000, including the parking lot. With existing tenants, room to increase occupancy, and a purchase price well below the appraised value, this property offers an excellent opportunity for an investor looking to add a mixed-use income-producing property to their portfolio. Bring the remaining units to full occupancy and put this property to work for you!
Location
State IL
County Macoupin
Area Virden, Girard
Zoning none
Direction Rt 4 to Virden building is on the West side of the square
Interior
Heating Other
Cooling Other
Flooring Carpet, Other
Fireplace N
Exterior
View true
Roof Type Flat
Garage 1
Building
Faces Rt 4 to Virden building is on the West side of the square
Sewer Public Sewer
Structure Type Brick
Others
Tax ID 08-000-522-00