100 East St Cambridge, IL 61238
- Commercial real estate
- 4,320 SF
- 0.05 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 100 East St
- Year built
- 1907
- Lot size
- 0.05 lot acres
- Property size
- 4,320 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 4,320 square foot, two-story brick building situated in the heart of Cambridge, IL, on a 0.05-acre lot at 100 N East Street. Priced aggressively at $20,000, this property offers significant upside potential for the savvy investor. The main level boasts ample space ideal for retail or office use, although customization will be required to meet specific needs. A separate stairwell provides convenient street access to the second floor, which currently features two vacant one-bedroom apartments. These apartments previously generated monthly rental income of $250 and $300 respectively. A full basement adds further potential for expansion or storage. The property is being sold "AS IS," with the seller making no repairs. A key advantage is its location within the Tax Increment Financing (TIF) District. This means that any improvements or repairs undertaken are eligible for TIF reimbursement through the Village of Cambridge. Interested parties should contact the Village of Cambridge directly for detailed information on the TIF program. Please note that all utilities are currently disconnected.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cambridge
- County
- Henry
- State
- Illinois
- Longitude
- -90.1943
- Latitude
- 41.3028
