1319 Chicago Ave Savanna, IL 61074
- Commercial real estate
- 7,128 SF
- 0.52 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1319 Chicago Ave
- Lot size
- 0.52 lot acres
- Property size
- 7,128 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 1319-1321 Chicago Avenue in Savanna, Illinois, presents a unique investment opportunity. Situated on a 0.52-acre lot at the highly visible southeast corner of Highway 64 and Chicago Avenue, this 7,128 square foot building offers significant potential for various commercial uses. The property features a two-story structure with a basement currently leased to a business generating $500 per month in rental income. The basement includes valuable equipment such as two 8,000-lb car hoists, an industrial air compressor, a tire rotator, and a tire mounting machine. The main floor, previously used for retail and bar/tavern operations, is currently vacant and ready for immediate occupancy. An upstairs apartment generates an additional $400 per month in rental income. The property boasts ample parking, enhancing its visibility and appeal to potential customers. The asking price for this strategically located commercial property is $160,000. This presents a rare chance to acquire a high-traffic, income-producing property in a desirable location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Savanna
- County
- Carroll
- State
- Illinois
- Longitude
- -90.1340777
- Latitude
- 42.0893155
