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Listed by Greg Leutloffof McColly Bennett Real Estate
$ 650,000
Est. payment /mo
Active
127 W Taylor Street Grant Park, IL 60940
16,897 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 16,897 sqft
Price per Sqft $38
MLS Listing ID 12604944
Year Built 1920
Annual Tax Amount $8,266
Tax Year 2024
Lot Dimensions 82.5X86
Property Sub-Type Mixed Use
Property Description
This mixed-use property offers significant income potential with 7 apartments, approximately 3,000 SF of office space, and 5,449 SF of light warehouse. Of the 7 apartments, there is 1 three-bedroom, 3 two-bedroom, and 3 one-bedroom apartments. The gorgeous offices are turnkey; complete with 6 high-quality workstations with desks, chairs, phones, headsets, monitors, keyboards, computers, and a server, with room for additional workstations. Super high ceilings make the office airy & bright. The light warehouse is turnkey also, with professional shelving, shipping computer, equipment and supplies. Heating is gas forced air heating in the office, warehouse, and apartments 1 & 2, and electric baseboard heating in the remaining units. Central air serves the office, warehouse, and apartments 1 & 2, while window units provide cooling for rest of the apartments. The roof is 8-9 years old, and the property presents a tremendous opportunity for investors seeking a versatile income-producing asset with both commercial and residential components. . Built in 1920, the right two-thirds of the building were fully renovated 17 years ago-down to the studs, including all new electric, plumbing, and HVAC-while the five apartments were updated individually as tenants moved out, ensuring modern, move-in ready living spaces.
Location
State IL
County Kankakee
Zoning OTHER
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
View Y/N true
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