10 Orchard St, Ipava, IL 61441

Property Details for 10 Orchard St

Year built

9999

Property type

Commercial real estate

Description

This unique Ipava, Illinois retail property presents a compelling investment opportunity. The 3,744 square foot building boasts five individually decorated units, ideal for short-term or long-term rentals. One unit commands a stable monthly rental income of $350, while three others generate revenue through online bookings at $80 per night. The property's main retail space offers a versatile layout, including a spacious living/office area, four or more additional rooms, one and a half bathrooms, and ample storage. This property is situated in the tranquil town of Ipava, offering convenient access to shopping, Western Illinois University (WIU), the Spoon River, local restaurants, and a variety of recreational activities. The property's blend of rustic charm and modern convenience makes it an attractive option for investors seeking a diversified income stream. The asking price is $99,000. The property is located at 10 N ORCHARD Street, Ipava, IL 61441, within Fulton County. This is a single-building property, built in an unspecified year. The property's combination of rental income and potential for further development makes it a strong contender in the current market. The property's location offers a balance of peaceful living and proximity to amenities, making it an attractive proposition for a wide range of tenants.

Location Insight

City

Ipava

County

Fulton

State

Illinois

Longitude

-90.3243664

Latitude

40.3517473