222 Main St Lostant, IL 61334

This exceptional mixed-use property in downtown Lostant, Illinois offers a unique investment opportunity. The building boasts 5,768 square feet, with a spacious 2,884 square foot main level ideal for retail or office space. Currently, two of the three second-floor apartments are rented, generating $1,700 in monthly income. These apartments consist of two one-bedroom units and one four-bedroom unit featuring new air conditioning. The prime downtown location ensures easy access to local amenities and high visibility. This property presents a strong foundation for immediate rental income and long-term growth. The versatile space allows for customization and subdivision to suit various business needs. The building's historic charm adds to its appeal, while the fixer-upper aspects offer significant potential for value enhancement through cosmetic updates and tenant improvements. This presents a compelling opportunity for investors seeking to capitalize on the growing demand for mixed-use properties in thriving communities. The potential for increased rental income by leasing the third apartment and maximizing the commercial space is significant. This property is perfect for both seasoned investors and first-time flippers looking for a solid return on investment.