105-107 Mill St Pontiac, IL 61764
- Mixed-use properties
- 4,480 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 105-107 Mill St
- Year built
- 1900
- Property size
- 4,480 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 105-107 N Mill Street in the heart of Pontiac, IL, presents a lucrative investment opportunity. The building boasts a total of 4,480 square feet, encompassing two commercial spaces and two residential apartments, each approximately 1120 square feet. Currently, one commercial space is leased until March, and both apartments are occupied by tenants. Recent renovations enhance the property's value and appeal. In 2023, the exterior underwent tuckpointing, while the apartments received fresh paint and new flooring. The 107 commercial space also benefited from repainting and new ceiling tiles. The convenient location across from Market 59 and the downtown area provides excellent visibility and access to public parking. Garbage and sewer services are included in the rental amounts, while all other utilities are separately metered for each unit. This property offers a blend of stable rental income and significant potential for future growth, making it an ideal addition to any investment portfolio. The asking price is $150,000. This is a rare opportunity to acquire a well-maintained, income-generating property in a thriving downtown setting. Don't miss out on this chance to secure a valuable asset in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Livingston
- State
- Illinois
- Longitude
- -88.63
- Latitude
- 40.8789
