260-270 State St Hampshire, IL 60140
- Commercial real estate
- 10,750 SF
Current Use by Public Records
- Commercial real estate
Property Details for 260-270 State St
- Year built
- 1955
- Property size
- 10,750 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property at 260-270 N State Street in Hampshire, Illinois presents a compelling investment opportunity. Boasting 10,750 square feet of space, this property enjoys a prime location with 195 feet of frontage on Hampshire's central business district. The property comprises two distinct buildings. Five units, constructed in 2006, are currently fully leased. An additional four units, remodeled within a 1955-built 1.5-story structure, are also fully occupied. The diverse tenant mix includes a pharmacy, eye doctor, restaurant, photographer, and other office spaces, ensuring a stable income stream. Ample onsite parking accommodates 30+ vehicles, adding to the property's appeal. The property is professionally landscaped, enhancing its curb appeal and overall value. Given Hampshire's rapid growth, this property offers a significant chance to capitalize on a thriving market before further appreciation. The asking price is $1,175,000. This is a rare opportunity to acquire a well-maintained, high-income-producing commercial property in a rapidly developing area. The existing leases provide immediate cash flow, making this an attractive investment for both seasoned and new investors. The property's location and diverse tenant base contribute to its strong financial performance and long-term potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hampshire
- County
- Kane
- State
- Illinois
- Longitude
- -88.5306
- Latitude
- 42.1006