1 Broadway Trenton, IL 62293-1301

Property Details for 1 Broadway

Year built

1988

Construction

CONCRETE

Lot size

0.16 lot acres

Property size

1,596 SF

Zone code

51

Property type

Commercial real estate

APN

05-05-20-165-002

APU

50520165002

Description

This charming 1960s brick building, situated on a 0.13-acre lot at the prime corner of West Broadway in downtown Trenton, Illinois, presents a compelling investment opportunity. Priced at $299,900, this property offers a blend of immediate income and significant upside potential. The main level, currently undergoing renovation, features newly installed ADA-compliant restrooms and awaits completion to suit a variety of commercial uses, including restaurant, retail, or general store. Partial framing is already complete, providing a head start for the new owner. The substantial 10-inch concrete floors between levels ensure structural integrity and soundproofing. Upstairs, a long-term tenant occupies a kickboxing gym, generating a stable monthly rental income of $550. This space also includes a three-quarter bathroom and office area. Further enhancing the income stream are two apartments: a one-bedroom unit renting for $380 per month (requiring some rehabilitation) and a recently updated one- to two-bedroom unit commanding $680 per month in rent. This property offers a unique combination of established rental income and a blank canvas for creative commercial development in a highly visible downtown location. The building's retro style and excellent location on Broadway make it an attractive proposition for a savvy investor seeking both immediate returns and long-term growth. The existing infrastructure and partially completed renovations minimize upfront costs, allowing for a swift return on investment.