533 Brad CtHanna City, IL 61536

Property Details for 533 Brad Ct

Lot size

3.80 AC

Property type

Other commercial real estate

APN

16-10-202-011

APU

1610202011

Description

This exceptional 5,348 square foot multifamily property in Hanna City, Illinois, presents a compelling investment opportunity. Situated on a spacious 3.88-acre lot, the property boasts 10 units, each equipped with restrooms, and two units featuring showers. A fully equipped shared kitchen, complete with a new hood, caters to residents' needs. Convenience is further enhanced by an on-site shared laundry facility and a full-service hair salon. The property also includes a partially unfinished basement offering ample storage space. Recent upgrades include a new sprinkler system throughout the building, along with a comprehensive camera system and a backup generator for peace of mind. The property is zoned R3 Multi-Family Residential, ensuring its suitability for its current use and future development. Well-maintained and offering immediate income potential, this property is ideally located near Wildlife Prairie Park and Jubilee College State Park, providing residents with access to outdoor recreation and a tranquil environment. The asking price is $500,000. This is a rare opportunity to acquire a profitable and well-equipped senior and student housing complex in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $50,689,984

  Hospitality

  $46,431,752

  Educational

  $38,630,672

  Medical

  $39,959,240

  Retail

  $60,092,160

Location Insight

City

Hanna City

County

Peoria

State

Illinois

Latitude

40.6964

Longitude

-89.8015

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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