Description
This well cared for, brick, single story investment property provides great opportunities for a business owner or investor in Princeville, IL. The building is currently divided into three units - an office suite on the east end of the building (1,100 SF), a retail suite on the west end of the building (835 SF), and a lased salon unit in the middle suite (1,300 SF). There is a shared foyer for the middle and east units of approximately 120 SF. The middle unit is currently leased below market rate but the tenant does pay their metered utilities and the public works services - water, sewer and garbage. There are three furnaces and air conditioners, 2 Ameren electric meters (office, salon/retail together), 3 Ameren gas meters, and one water meter/one sewer meter. Property is located in the Princeville TIF I (see https://princeville.org/tax-increment-financing/ for more information).
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Available Sqft: 2060
General Information
County: Peoria
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-323-0399
RMLSA
MLS ID: PA1267066
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533 W Main Street, Princeville, IL 61559.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $124,900 | $124,900 | $124,900 |
| Down Payment | $24,980 | $4,372 | $31,225 |
| Monthly Mortgage Amount | $607 | $755 | $772 |
| Taxes | $174 | $174 | $174 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $55 | $0 |
| Monthly Estimated Total | $881 | $1,084 | $1,046 |