1319 Chicago AveSavanna, IL 61074

Property Details for 1319 Chicago Ave

Lot size

0.52 AC

Property size (Sq ft)

7,128 SF

Property type

Commercial real estate

Description

This exceptional 7,128 square foot commercial property located at 1319-1321 Chicago Avenue in Savanna, Illinois, presents a unique investment opportunity. Situated on a highly visible corner lot spanning 0.52 acres, this two-story building offers versatile space ideal for a variety of businesses. The property boasts a high-traffic location near a national quick-service restaurant, ensuring excellent customer visibility and accessibility. Currently, the building generates rental income from a basement-level business ($500/month) equipped with two 8,000-lb car hoists, an industrial air compressor, tire rotator, and mounting machine. This space is ideal for automotive repair or similar businesses. The main floor, previously used for retail and bar/tavern operations, is currently vacant, offering significant potential for a new tenant or owner-occupancy. The ample parking lot further enhances the property's appeal to potential customers. Adding to the income stream, a second-floor apartment generates an additional $400/month in rental income. The property is listed at $160,000 and offers a compelling blend of income-producing assets and significant potential for future growth. This is a rare opportunity to acquire a well-located, versatile commercial property with immediate income generation and substantial upside.

Location Insight

City

Savanna

County

Carroll

State

Illinois

Latitude

42.0898

Longitude

-90.132

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