208 Park St Streator, IL 61364-2216
This stunning 8,219 square foot mixed-use commercial property, situated on 0.68 acres in the heart of downtown Streator, IL, presents a unique investment opportunity. The building boasts rich historical character, featuring a grand foyer with a curved staircase, built-in murals, original woodwork, glasswork, chandeliers, and working transoms and hardware. Three decorative fireplaces add to the elegant, timeless charm. The expansive Great Hall alone exceeds 1700 square feet and can be divided into two separate rooms with sliding dividers. The first floor also includes an East Parlor (370 sq ft), North Hall (250 sq ft), West Hall (190 sq ft), Drawing Room (200 sq ft), kitchen/breakroom (350 sq ft), laundry/workroom (170 sq ft), and three half-bathrooms (two handicap accessible). A back handicap ramp and two freight elevators enhance accessibility. A 25 x 25 garage is also included. The second floor offers a 700 sq ft showroom (currently a photography studio), sitting room (100 sq ft), parlor (used as a bedroom, 220 sq ft), grand room (used as living/dining room, 500 sq ft), full bath, full kitchen, and an office/study with a balcony (130 sq ft). A partially finished 1080 sq ft walk-up attic on the third floor and a full basement provide ample additional space. The property features zone heating and cooling, a DuraLast roof over the Grand Hall, and a large concrete parking lot extending from Park Street to the alley, plus a large open yard to the south. The building's prime downtown location offers excellent visibility and pedestrian traffic, directly across from a park. This property is currently occupied.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.