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325 W FRONT Street Annawan ,
Illinois IL 61234 Status Closed
Sold Date 9/16/2022
SqFt
3,024
Acres
0.090
County Henry
Subdivision Original Town Annawan
Year Built 1900
Property Type Residential Income
Property Sub Type Residential Income
Description
Motivated Seller! This high visibility 2-story building is located on a corner lot in the downtown area of Annawan. The main level, front unit was formerly a popular bar and is currently rented as a studio apartment. The 2nd unit is a 3 bedroom apartment located on the upper level. The 3rd unit, located on the main level, is not currently in rentable condition and needs renovation. The property is in need of some TLC and offers great potential as part of the downtown area and TIF district.
Property Type
Residential Income
Property Sub Type
Residential Income
Parking Features
On Street
Parking Total
6
Lot Size Dimensions
49 x 93 x 47 x 79
Lot Features
Corner Lot, Level
County
Henry
Subdivision
Original Town Annawan
Year Built
1900
Zoning
0060 - Improved Commercial / TIF
Basement
Block, Full, Unfinished
Heating
Forced Air, Gas, Gas Water Heater, Window Unit(s)
Interior Or Room Features
Cable Available
Laundry Features
None
Number Of Refrigerators
2
Number Of Units Total
3
Structure Type
Two or More Story, Apartment Building, Conversion
Roof
Metal
Water Source
Public Sewer, Public
Road Surface Type
Paved
Number Of Electric Meters
2
Number Of Gas Meters
2
Number Of Heating Units
1
Number Of Water Heaters
1
Number Of Water Meters
1
Number Of Window Units
1
Number Of Ranges
2
Manager On Site
no
Directions
From I80, Take exit 33, Turn South on IL-78 S/N Canal St, Turn right onto W Front St, Property on the left at the corner of W Front St and S State St
Elementary School
Annawan
Middle Or Junior School
Annawan
High School
Annawan
100 Year Plain
No
MLS Area Minor
QCARA Area
Certificate Of Zoning
No
Gross Income
16200
Gross Scheduled Income
16200
Net Operating Income
7273
Lease Term
Month To Month
Tax Annual Amount
1326.92
Tax Year
2021
Tenant Pays
No Utilities
Operating Expense
7600
Electric Expense
4200
Insurance Expense
1200
Maintenance Expense
1400
Water Sewer Expense
800
Current Financing
Cash Only, Conventional
Disclosed Short Sale
N
Buyer Agency Compensation
2.8
Dual Variable Compensation
no
Incentive
no
Documents Available
Aerial Photos
Documents Count
1
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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The offer is made only to Participants of the MLS where the listing is filed
The RMLS data on this page was last updated on Thursday, March 28th, 2024.
Listed by: Ruhl&Ruhl REALTORS Moline Customer: 563-441-1776