120 Side SqMacomb, IL 61455

Property Details for 120 Side Sq

Property type

Commercial real estate

APN

11-100-178-00

APU

1110017800

Description

This exceptional commercial property, located in the heart of historic downtown Macomb, Illinois, presents a compelling investment opportunity. The 16,608-square-foot building, constructed in 1900, boasts two ground-floor retail spaces, each exceeding 4,000 square feet and currently leased. These spaces offer convenient access from both the downtown square and Carroll Street. The building's second level comprises four studio apartments, three rented at $400 per month and one at $450, with utilities included. An additional approximately 5,000 square feet of unfinished space on the second floor offers significant potential for expansion and increased rental income. The property has undergone extensive renovations in the past five years, including exterior tuckpointing, a Durolast PVC roof, new windows, HVAC units for the apartments, a new front awning, and a 7.5-ton AC unit for the commercial space. This turnkey investment offers strong current rental income and substantial upside potential through further development of the existing space. The asking price is $675,000. Located at 120 N Side Square, Macomb, IL 61455.

Location Insight

City

Macomb

County

Mcdonough

State

Illinois

Latitude

40.4596

Longitude

-90.6708

CBSA code

31380

CBSA name

MACOMB, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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