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Rehabbed Office Building with Flex Layout
For Sale
$139,900

223 E Mulberry St, Watseka, IL 60970

2018 total rehab offers two connected areas that can function as one or separate office units.

Property SizeContact for details
Days on Market135

Property Features for 223 E Mulberry St

General Information

Standard status Active
Property subtype Business Opportunity

Taxes and HOA fees

Annual Taxes $3,137

Building Details

Year Renovated 2018
Listing Agency: Smith's Real Estate Services
Listed By: Tim Smith, ABR, e-PRO · License #471019426
Source: Exprealty
Added: Apr 11 Changed: Aug 23 Last Checked: Aug 22 at 3:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smith's Real Estate Services

Investment Insights

Based on property information with market context.

This rehabilitated office building was fully updated in 2018 and features two separate areas connected by an adjoining hallway, allowing the space to be used as one cohesive office or divided into two units. The interior includes five offices, one conference room, three storage rooms, three bathrooms, two waiting rooms, and two reception areas.

The property is handicap accessible and has heating and cooling that is zoned for each unit, with separate systems and separate meters. Plenty of parking supports day-to-day access for staff and visitors. The building is currently leased, and information is available upon request.

Key Highlights

  • Total rehab completed in 2018.
  • Two separate areas connected by an adjoining hallway can be used as one space or as two units.
  • Layout includes 5 offices plus 1 conference room, 2 waiting rooms, and 2 reception areas.

Property Analytics

Current Use

Iroquois Community Care ... Physician

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Restaurant Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

506
Businesses Nearby

Demographics for 60970, IL

6,306
Population
3,071
Households
2.1
Avg Household Size
47
Median Age
13%
College-Educated
88%
High-School Grad
127.3 sq mi
ZIP Area
50
Density / Sq Mi
$48,456
Median Household Income
$32,342
Median Earnings
$816
Median Rent
$120,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - 2018 total rehab offers two connected areas that can function as one or separate office units.
Where is this office units located?
The property is located at 223 E Mulberry St Watseka, IL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Total rehab completed in 2018.; Two separate areas connected by an adjoining hallway can be used as one space or as two units.; Layout includes 5 offices plus 1 conference room, 2 waiting rooms, and 2 reception areas.
More about this property
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