For Sale
$450,000

202 Lafayette St Macomb, IL 61455

Mixed-use property, 10 units, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional commercial investment opportunity is located at 202 N Lafayette Street in the heart of Macomb, Illinois. The property encompasses 7,737 square feet and comprises a beautiful mixed-use building featuring six commercial units on the ground floor and residential units above. This is a rare chance to acquire a substantial property in a revitalized downtown area that has recently experienced significant investment. The sale includes three parcels, a key advantage being a large, dedicated parking lot. Given the limited parking availability in the downtown square, this ample parking significantly enhances the property's value and appeal to tenants. The property's current leases provide a steady income stream, offering immediate return on investment. The detailed lease information is available upon request. This is a prime opportunity for investors seeking a well-positioned, income-generating asset in a thriving Illinois community. The property's strategic location and diverse unit mix make it an attractive investment for both short-term and long-term growth. Contact us today to schedule a showing and explore the potential of this remarkable property. The three parcels included in this sale provide flexibility and potential for future development or expansion.

Highlights

  • $450,000 asking price.
  • 7,737 square foot special purpose property with 10 units.
  • Located at 202 N Lafayette Street, Macomb, IL 61455.
  • Mixed-use commercial property in downtown Macomb, including six commercial units and upper-level residential units.
  • Includes three parcels, one of which is a large parking lot.

Property Details for 202 Lafayette St

Property type
Specialty properties, Land
Square Feet
7,737 SF
Units
10

Location Insight

City
Macomb
County
Mcdonough
State
Illinois
Latitude
40.4601296
Longitude
-90.6720065

FAQs

What type of property is this?
Specialty property - Mixed-use property, 10 units, great potential.
Where is the specialty property located?
The property is located at 202 Lafayette St Macomb, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: $450,000 asking price.; 7,737 square foot special purpose property with 10 units.; Located at 202 N Lafayette Street, Macomb, IL 61455.
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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202 Lafayette St
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