509 Lafayette St Macomb, IL 61455-7331

Property Details for 509 Lafayette St

Property type

Commercial real estate

APN

11-100-266-05

APU

1110026605

Description

This exceptional 7-unit office building, situated at 509 N Lafayette Street in Macomb, Illinois, presents a lucrative investment opportunity. Boasting 9,049 square feet of well-maintained space, this property is ideally located on a four-lane highway, ensuring high visibility and excellent traffic counts. The building features four units on the main floor and three additional units in a finished basement, offering flexibility for a variety of uses. Currently, three main floor units generate a combined monthly rental income of $2,500. The remaining units are immediately available, providing an owner-occupant option or the potential for increased rental income. Each floor conveniently includes two bathrooms for tenant convenience. Ample parking is provided in a large lot situated behind the building. The asking price for this exceptional commercial property is $425,000. This presents a rare chance to acquire a well-maintained, high-traffic commercial building in a desirable location. The property's strong rental income potential, combined with its prime location and excellent condition, makes it an attractive investment for both seasoned investors and first-time buyers. The building's layout and ample parking make it suitable for a variety of businesses. Serious inquiries are encouraged.

Location Insight

City

Macomb

County

Mcdonough

State

Illinois

Longitude

-90.6712

Latitude

40.464

CBSA code

31380

CBSA name

MACOMB, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments