162 Chestnut StCanton, IL 61520

This two-story, 6,500 square foot commercial building in Canton, Illinois, presents a compelling investment opportunity. Located in the heart of downtown, this property boasts significant street frontage and high traffic flow, offering substantial upside potential. Currently 75% occupied, the building features four units: three main floor office/retail spaces and a remodeled upstairs apartment. The building is zoned CBD (Central Business District), allowing for a multitude of uses. Recent updates include electrical, mechanical systems, and roof replacement within the last decade. The Net Operating Income (NOI) is $30,830, and the asking price is below recent appraised value. This well-maintained property offers a strong return on investment with the potential for increased occupancy and rental income. The building's prime location and flexible zoning make it an ideal investment for both seasoned and new investors seeking a profitable venture in a thriving downtown area. The property's 6,500 square feet of net rentable space provides ample room for expansion or diversification of tenants. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location at a competitive price.