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201 W Main St Genoa, IL 60135

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For Sale
$399,000

Fully rented commercial space and two residential apartments for sale.

Property Features for 201 W Main St

General Information

Standard status
Active

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Listing Contact
Joline Latimer
Source: Exprealty

Listing Agency: Northern Illinois Realty LLC Listing Agent: Joline Latimer

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

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Overview

Refurbished Mixed-Use Property For Sale

This mixed-use property features a commercial space and two residential apartments. The first level offers approximately 1500 square feet of office or retail space, a bathroom, a finished basement, and a garage. The commercial space is currently leased for $1500 per month under a 5-year lease with a 3-year option. The second floor contains two, two-bedroom apartments that have been professionally improved. Both residential units are rented at $1250 each on a one-year term, with tenants interested in long-term leases. A shared washer and dryer are available for tenant use. All units are separately metered. The finished basement provides ample storage space. An attached garage is located at the back of the building. Street parking is available, and a city parking lot is located across the street. The property has been refurbished throughout the first and second floors, including new electric, plumbing, drywall, trim, and fixtures.
Location Intelligence

Current Use by Public Records

Office space

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

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City
Genoa
County
DeKalb
State
Illinois
Longitude
-88.689858
Latitude
42.097042

FAQs

What type of property is this?
Mixed-use property - Fully rented commercial space and two residential apartments for sale.
Where is this mixed-use property located?
The property is located at 201 W Main St Genoa, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: - Fully rented commercial space and 2 residential apartments provide immediate income for a new investor.; - Recently refurbished throughout the 1st and 2nd floors with new electric, plumbing, drywall, trim, and fixtures.; - **Commercial space has a 5-year lease with a 3-year option, generating $1500 per month.**
More about this property
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