10 Orchard StIpava, IL 61441

For Sale
$99,000

Rustic Charm, 5 Units, High Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
92
This unique Ipava, Illinois retail property presents a compelling investment opportunity. The 3,744 square foot building boasts five individually decorated units, ideal for short-term or long-term rentals. One unit commands a stable monthly rental income of $350, while three others generate revenue through online bookings at $80 per night. The property's main retail space offers a versatile layout, including a spacious living/office area, four or more additional rooms, one and a half bathrooms, and ample storage. This property is situated in the tranquil town of Ipava, offering convenient access to shopping, Western Illinois University (WIU), the Spoon River, local restaurants, and a variety of recreational activities. The property's blend of rustic charm and modern convenience makes it an attractive option for investors seeking a diversified income stream. The asking price is $99,000. The property is located at 10 N ORCHARD Street, Ipava, IL 61441, within Fulton County. This is a single-building property, built in an unspecified year. The property's combination of rental income and potential for further development makes it a strong contender in the current market. The property's location offers a balance of peaceful living and proximity to amenities, making it an attractive proposition for a wide range of tenants.

Highlights

  • $99,000 asking price.
  • Five-unit retail property in Ipava, IL.
  • 3,744 square feet on one building.
  • One unit rented at $350/month; three others listed at $80/night.
  • Located minutes from shopping, Western Illinois University, Spoon River, and restaurants.

Property Details for 10 Orchard St

Property type
Other retail properties, Retail properties
Year Built
9999
Buildings
1
Units
5

Location Insight

City
Ipava
County
Fulton
State
Illinois
Latitude
40.3517473
Longitude
-90.3243664
10 Orchard St, Ipava, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at support@realmo.com and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.
10 Orchard St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message