201 W Main St, Genoa, IL 60135

0.06 ac lot

Individually Owned 3-yr Hold Free & Clear

Property ID

US28-0539319

$399,000

201 W Main St, Genoa, IL 60135
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This meticulously renovated 4,000 square foot commercial building at 201 W Main Street, Genoa, IL, presents a unique investment opportunity. The property boasts brand new electrical, plumbing, drywall, trim, and fixtures throughout. The first floor offers approximately 1,500 square feet of versatile office/retail space, perfect for a variety of businesses. A convenient bathroom, a finished basement providing ample storage, and an attached garage are also included. Currently generating income, the second floor comprises two completely renovated, two-bedroom apartments, each renting for $1250 per month on a one-year lease. Both apartments feature updated interiors and share a convenient in-unit washer and dryer. All units are separately metered for efficient utility management. The building benefits from convenient street parking and proximity to a city parking lot across the street. This turnkey property offers a blend of commercial and residential income streams, making it an attractive investment in the thriving Genoa market. The asking price is $399,000.