102 Main St Smithton, IL 62285
Call to check price and availability
High-yield, fully leased mixed-use property.
Property size:
5,588 SFProperty Features for 102 Main St
General Information
- Property type
- Mixed-use properties
- Square Feet
- 5,588 SF
- Lot Size
- 13,504 SF
Building Details
- Year Built/Renovated
- 1868/1950
- Stories
- 2
- Units
- 5
Listing Agent: Matt Barriger
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use investment opportunity, located at 102 South Main Street in Smithton, Illinois, presents a compelling return on investment. The property, situated on a 0.31-acre lot and boasting 5,588 square feet, is a two-story building constructed in 1868 and renovated in 1950. Currently operating under B-1 zoning, it comprises five units: one commercial/office/retail space, two apartments (one 1-bedroom, one studio), and one single-family residence—all fully leased with long-term tenants, ensuring consistent cash flow. The building has undergone upgrades throughout its history. The asking price is $210,000, translating to a price per square foot of $37.58 and an attractive 8.60% cap rate, generating a net operating income (NOI) of $18,209. The property's APN is 13-33-.0-210-011. This fully leased investment property offers a stable income stream and significant potential for future appreciation, making it an ideal addition to any portfolio. The property's location in Smithton, IL (zip code 62285) provides convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
A-C License & Title ...
Insurance Agency
CJ’s Pub and Grill
Nightclub
Location Insight
- Map
- Local Demand
- City
- Smithton
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9920215
- Latitude
- 38.4095931
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - High-yield, fully leased mixed-use property.
Where is this mixed-use property located?
The property is located at 102 Main St Smithton, IL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Mixed-use investment opportunity available for purchase.; 100% occupied by tenants.; Recently renovated with significant property upgrades.