222 Main Street

Lostant, IL 61334

$89,000
Price
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Beds
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per Sq. Ft.
a building with a white door

Description

Investor/Flipper Special: Mixed-Use Gem in Downtown Lostant Explore the potential of this exceptional mixed-use property located in the heart of downtown Lostant. Boasting a spacious main level retail or office space and three charming apartments on the second level, this property presents a unique opportunity for investors and flippers alike. Key Features: - Prime Location: Situated in downtown Lostant, offering easy access to local amenities and attracting both residents and visitors. Key Features:...Investor/Flipper Special: Mixed-Use Gem in Downtown Lostant Explore the potential of this exceptional mixed-use property located in the heart of downtown Lostant. Boasting a spacious main level retail or office space and three charming apartments on the second level, this property presents a unique opportunity for investors and flippers alike. Key Features: - Prime Location: Situated in downtown Lostant, offering easy access to local amenities and attracting both residents and visitors. Key Features: - Prime Location: Situated in downtown Lostant, offering easy access to local amenities and attracting both residents and visitors - Versatile Main Level: Spanning 2,884 square feet, the main level features expansive retail or office space that can be easily customized or subdivided to suit various business needs. - Versatile Main Level: Spanning 2,884 square feet, the main level features expansive retail or office space that can be easily customized or subdivided to suit various business needs - Income Potential: Currently generating $1,700 per month from two rented apartments, with the opportunity to increase rental income by leasing out the third apartment and maximizing the commercial space. - Income Potential: Currently generating $1,700 per month from two rented apartments, with the opportunity to increase rental income by leasing out the third apartment and maximizing the commercial space - Residential Appeal: The second level comprises two 1-bedroom apartments and a spacious 4-bedroom apartment with new AC, ideal for attracting tenants seeking comfortable living spaces in a quaint town setting. - Residential Appeal: The second level comprises two 1-bedroom apartments and a spacious 4-bedroom apartment with new AC, ideal for attracting tenants seeking comfortable living spaces in a quaint town setting - Fixer-Upper Opportunity: Perfect for investors looking to add value through cosmetic updates and tenant improvements, ensuring swift occupancy and increased rental rates. - Fixer-Upper Opportunity: Perfect for investors looking to add value through cosmetic updates and tenant improvements, ensuring swift occupancy and increased rental rates - Historic Charm: Embrace the charm of a small-town atmosphere while capitalizing on the growing demand for mixed-use properties in up-and-coming communities. This property promises a solid foundation for both immediate rental income and long-term investment growth. Whether you're a seasoned investor or a first-time flipper, don't miss out on this opportunity to own a piece of Lostant's commercial and residential landscape. Schedule your showing today and unlock the potential of this versatile mixed-use property!
  1. Listed by Jamie Unholz • Executive Realty Group

Property Details for 222 Main Street

Area
Lostant / Mt. Palatine
LISTING UPDATED: 08/17/2024 03:32 AM

Property Details for 222 Main Street

StatusActive
MLS #12081116
Days on Market293
Taxes$2,389 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1896
Lot Size0.13 AC / 5,768 SF
CountyLaSalle County

Building Information for 222 Main Street

Stories2Residences4Year Built1896Lot Size0.13 AC / 5,768 SF

Property Information for 222 Main Street

General Information
Location and General Information
  • Geographic Locale: Out of Area,Central Illinois
  • Information: 24-Hr Notice Required,Show-Special Instructions
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: .06
  • Lot Size Square Feet: 5768.0
  • Stories: 2
  • Fire Protection: Fire Extinguisher/s
  • Building Area Total: 5768
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores, Ofc/Store
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 222 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 222 Main Street

Taxable ValueLand$597Additions$24,640Total$25,237
Tax Record2023$2,477 ($206 / month)
Home Facts
Total Finished SqFt5,768 SqFtAbove Grade Finished SqFt5,768 SqFtLot Size2,614 SqFtStyleMiscellaneous CommercialYear Built1896CountyLASALLEAPN30-24-120-021

Schools near 222 Main Street

This home is within Lostant Community Unit School District 425.
Rating
School
Type
Grades
Distance
Lostant Elementary School
Public - K to 8
Rating
School
Distance
Lostant Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 222 Main Street, Lostant, IL 61334

222 Main Street is a mixed use property for sale in Lostant, IL 61334. This property was listed for sale on June 11, 2024 by Executive Realty Group, it's currently listed at $89,000. This listing's school district is Lostant Community Unit School District 425. Nearby schools include Lostant Elementary School. 222 Main Street is a 0-bed, 0-bath, mixed use property built in 1896.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Executive Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/17/2024 03:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.