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162 Chestnut St Canton, IL 61520

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For Sale
$299,000

Multi-unit building, prime location, great investment.

Property size:
6,480 SF

Property Features for 162 Chestnut St

General Information

Property type
Other commercial real estate
Square Feet
6,480 SF
Lot Size
15,246 SF

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Listing Contact
Jed Rhoades

Listing Agency: PAPGOHE Listing Agent: Jed Rhoades

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional commercial property at 162 E Chestnut Street in Canton, Illinois presents a compelling investment opportunity. The 6,480 square foot building sits on a 0.35-acre lot in the heart of downtown Canton, offering excellent visibility and accessibility. The property is zoned B-3 and features three main floor units currently configured as office/retail spaces. These units provide flexibility for a variety of commercial uses, catering to diverse business needs. Adding to the property's appeal is a fully remodeled upstairs apartment, offering additional income potential or the possibility of owner occupancy. The building's infrastructure is well-maintained, with significant updates completed within the last 15 years. These improvements include upgrades to the electrical system, mechanical systems, and roof, minimizing future maintenance concerns and maximizing long-term value. Currently, a portion of the building is leased, generating immediate cash flow. This property offers a rare blend of established income and significant upside potential, making it an ideal investment for both seasoned and emerging investors seeking a strong foothold in a thriving downtown area. The property's central location and versatile layout provide a solid foundation for future growth and profitability. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Canton
County
Fulton
State
Illinois
Longitude
-90.03261
Latitude
40.5568

FAQs

What type of property is this?
Commercial real estate - Multi-unit building, prime location, great investment.
Where is this commercial real estate located?
The property is located at 162 Chestnut St Canton, IL.
What is the asking price?
The asking price for this property is $299,000.
More about this property
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