111 Exchange St Geneseo, IL 61254

Property Details for 111 Exchange St

Lot size

0.06 lot acres

Property type

Commercial real estate

APN

08-21-127-006

APU

821127006

Description

This exceptional 3,840 square foot commercial building is ideally situated in the heart of downtown Geneseo, Illinois, just off State Street. The property boasts a versatile main level currently configured as individual offices with removable modular walls and ample back storage. This layout offers significant flexibility, easily adaptable to a wide range of retail uses by simply removing the partitions to create a large open space. Adding to its appeal are two recently remodeled and well-maintained apartments, a one-bedroom unit and a studio, both currently vacant and ready for immediate occupancy. These apartments provide a valuable income-generating opportunity or could be used as additional office space. A full basement offers substantial storage capacity, further enhancing the property's functionality. The building sits on a 0.06-acre lot, providing convenient access and visibility in this thriving downtown area. Priced at $250,000, this property presents a rare opportunity to acquire a multi-use building with significant potential in a desirable location. The combination of commercial space and residential units makes this an attractive investment for both business owners and investors seeking a strong return. Don't miss this chance to own a piece of Geneseo's vibrant downtown.

Location Insight

City

Geneseo

County

Henry

State

Illinois

Longitude

-90.1551

Latitude

41.4544

CBSA code

19340

CBSA name

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments