Description
4602 E 1625 North Road is a 2,430 total SF, mixed-use building in Danvers, Illinois. The property is set up with two units, including a 1Bed/1Bath apartment that is currently rented and a bar, which will be delivered vacant upon closing. The property is located on IL Route 9, just outside of Bloomington, IL and is just 1 of 3 restaurant/bars in Danvers, making it a prime investment opportunity in a supply constrained submarket. A new roof was installed in 2024 and a new water heater in 2019.
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Available Sqft: 2430
Year Built: 1945
General Information
County: Mc Lean
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-258-7746
RMLSA
MLS ID: PA1261763
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4602 E 1625 North Road, Danvers, IL 61732.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $200,000 | $200,000 | $200,000 |
| Down Payment | $40,000 | $7,000 | $50,000 |
| Monthly Mortgage Amount | $934 | $1,177 | $1,216 |
| Taxes | $278 | $278 | $278 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $88 | $0 |
| Monthly Estimated Total | $1,312 | $1,643 | $1,594 |