For Sale
$1,100,000

102 Main St Columbia, IL 62236

Multi-use building, high income potential.

Overview

Added:
Feb 3
Days on market:
78
This exceptional multi-use commercial property, situated on a prime 0.73-acre lot in historic downtown Columbia, Illinois, presents a unique investment opportunity. The building boasts four commercial spaces and two residential apartments, generating substantial current income. One commercial suite, with direct Main Street access, is currently vacant but previously commanded a monthly rent of $1,700. Three occupied commercial suites currently yield a combined monthly income of $7,350. The two residential units, a three-bedroom, two-bathroom apartment and a two-bedroom, two-bathroom apartment, each generate $900 in monthly rent. A full basement provides ample dry storage space. The property includes multiple kitchens and lavatories within the commercial areas, along with a secure vault room. Significant updates have been made throughout the building. The sale includes not only the main building but also an adjacent lot and an additional parcel, providing ample parking. This strategic acquisition offers a substantial existing income stream and significant potential for future growth and revenue enhancement. Detailed lease agreements and further property information are available upon request. This is a rare opportunity to acquire a well-established, income-producing property in a desirable downtown location.

Property Details for 102 Main St

Property type
Commercial real estate
Year Built
1882
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Columbia
County
Monroe-IL
State
Illinois
Latitude
38.44337
Longitude
-90.19995

FAQs

What type of property is this?
Commercial real estate - Multi-use building, high income potential.
Where is the commercial real estate located?
The property is located at 102 Main St Columbia, IL.
What is the asking price?
The asking price for this property is $1,100,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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102 Main St
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