Property summary
This exceptional 2,267 square foot commercial property at 221 5th Street, Lacon, IL, presents a rare investment opportunity. Previously a bank, this historic building boasts stunning original features meticulously preserved. The interior showcases exquisite green and white tile work, imported carpeting, and impressive lighting fixtures, all contributing to a sophisticated and timeless ambiance. Two original bank vaults remain, one in the foyer and another in the basement, both in remarkably good condition – a unique selling point for any prospective buyer. The property's prime downtown Lacon location ensures high visibility and accessibility, making it ideal for a variety of commercial uses, including retail, office space, or even entertainment venues. The building's versatility allows for creative adaptation to suit diverse business needs. Furthermore, the roof was recently replaced in 2024, eliminating immediate maintenance concerns. This is a truly one-of-a-kind property offering a blend of historical charm and modern practicality. Don't miss this chance to own a piece of Lacon's history and establish your business in a vibrant downtown setting. The asking price is $59,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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