100 East St Cambridge, IL 61238
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 100 East St
- Year built
- 1907
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a three-unit building situated in downtown Cambridge, Illinois, at 100 N EAST Street, zip code 61238. Built in 1907, this two-story brick structure offers significant potential for a savvy investor. The main level boasts ample space, adaptable for retail or office use, requiring customization to suit individual needs. A separate stairwell provides street access to the second floor, which houses two one-bedroom apartments. While currently vacant, these apartments previously commanded monthly rents of $250 and $300 respectively. A full basement adds further potential for expansion or storage. The property is being sold "AS IS," with the seller making no repairs. A key advantage is its location within the Tax Increment Financing (TIF) District. Any renovations or repairs undertaken qualify for TIF reimbursement through the Village of Cambridge; interested parties should contact the Village for details. Note that utilities are currently disconnected. The asking price for this unique property is $20,000. This presents a rare chance to acquire a multi-use building in a desirable location with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cambridge
- County
- Henry
- State
- Illinois
- Longitude
- -90.1943
- Latitude
- 41.3028
