24045 Lockport St Plainfield, IL 60544-1652
This exceptional 520-square-foot commercial property, located at 24045 W Lockport Street in Plainfield, IL, presents a rare opportunity to own a piece of downtown Plainfield history. Situated in the heart of the Historic District, this building, established in 1881, boasts a rich legacy as the location of The Lincoln Way Barber Shop for four generations. Its prime location ensures excellent walk-in traffic and a loyal customer base. The well-maintained building has undergone continuous updates throughout the years and is offered turn-key ready, allowing for immediate operation of a similar business. The existing layout includes three shampoo sinks and three barber stations, providing a functional and established workspace. A full basement adds significant storage or expansion potential. The property's adaptability makes it suitable for a variety of commercial uses. Low property taxes of $1381 annually contribute to its financial attractiveness. This is a unique chance to acquire a well-established, versatile commercial space in a thriving downtown area. The sale is an "as-is" transaction. The property sits on a 0-acre lot. The asking price is $300,000.
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Lincoln Way Barber Shop Barber Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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