4575 State Rte 146 Hwy Makanda, IL 62920
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 4575 State Rte 146 Hwy
- Year built
- 1979
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional investment opportunity in Anna, Illinois, presents a unique blend of commercial and residential income streams. Located at 4575 E State Route 146 Highway, this property boasts a substantial 4,000 square feet of retail space, currently generating consistent income. Adding to its profitability, the property includes three fully rented apartments, providing a stable and diversified revenue stream. The building was constructed in 1979 and sits on a land parcel in Union County, Illinois, zip code 62920. The property's location offers significant potential for growth and expansion, making it an attractive proposition for savvy investors. Furthermore, its advantageous position within a Tax Increment Financing (TIF) district presents the possibility of future financial incentives, enhancing the overall return on investment. This property is priced at $250,000 and offers a compelling combination of established income and significant upside potential. The property's location in Anna, IL, provides easy access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a well-established, income-producing property with substantial room for growth. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Makanda
- County
- Union
- State
- Illinois
- Longitude
- -89.2277
- Latitude
- 37.5723
