1307 Illinois St Swansea, IL 62226

Property Details for 1307 Illinois St

Year built

1864

Lot size

0.12 lot acres

Property type

Commercial real estate

Description

This 0.12-acre commercial property in Swansea, IL, presents a significant investment opportunity. Located directly off IL-159, it boasts high visibility with an average daily traffic count of approximately 14,700 vehicles. The property includes a front office building and a rear workshop. The office building features a reception area, office space, a half bath, a full bath, and ample storage on a second level. The workshop is equipped with built-in shelving and a custom-built spray booth. However, it's crucial to note that the office building has sustained foundation damage and is currently condemned by the Village of Swansea. Utilities are not currently connected and will require reconnection. The property is being sold "as-is," requiring buyers to bring the building up to code and pass all necessary inspections before occupancy. The property falls under the Village of Swansea Zoning Jurisdiction and is zoned PB-Planned Business. Any proposed use outside of this zoning designation will necessitate approval from the Village of Swansea. This property's prime location near established businesses and high traffic volume makes it an attractive proposition for redevelopment or repurposing, despite the need for significant renovations. The potential for substantial return on investment is undeniable, making this a compelling opportunity for the right buyer.