123 Main AveLadd, IL 61329

  • Other commercial real estate
  • 0.14 AC
For Sale
$165,000 View listing

Property Details for 123 Main Ave

Lot size
0.14 AC
Property type
Other commercial real estate
APN
18-10-355-005
APU
1810355005

Description

This exceptional 8,000 square foot commercial building located at 123 S Main Avenue in Ladd, Illinois, presents a unique investment opportunity. The property is ideally suited for a variety of uses, offering significant flexibility for the discerning buyer. The lower level is currently configured as a fully operational restaurant, complete with a substantial commercial kitchen and a well-appointed bar area. This established setup provides a solid foundation for continued restaurant operations or a seamless transition to a different culinary concept. Ascending to the upper level reveals another bar, ready for immediate use, and a generously sized open space. This expansive area is perfectly adaptable to serve as a banquet hall, event venue, or any number of other commercial applications. The possibilities are truly limitless. The seller is motivated to sell and is offering attractive financing options, including owner financing or a land contract, to facilitate a smooth and efficient transaction. This presents a rare chance to acquire a substantial commercial property in a desirable location with considerable upside potential. The building's size and versatile layout make it an exceptional investment for both seasoned entrepreneurs and first-time commercial property owners. Don't miss this opportunity to own a piece of Ladd's vibrant commercial landscape.

123 Main Ave, Ladd, Illinois

Location Insight

City
Ladd
County
Bureau
State
Illinois
Latitude
41.381
Longitude
-89.2187
CBSA code
36837
CBSA name
OTTAWA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,565
$3,940
$28,460
$32,400
-
$11,820
$85,380
$97,200

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