Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9994142

Lot Acreage: 1.38000

Living Area: 22,900

Year Built:1947

Elementary School:

Middle School:

High School:

Public Remarks: This exceptional commercial investment opportunity offers over 22,000 square feet of versatile space with multiple income streams and significant upside potential. The property is comprised of 15 units, many of which have been renovated or built out, and features numerous long-term tenants already in place, providing immediate, stable cash flow. Currently generating approximately $7,653 per month, with three vacant units advertised for rent, the property presents a strong value-add opportunity with roughly 30% vacancy remaining--ideal for increasing income and boosting returns. The current net income stands at $91,838 annually, making this one of the highest CAP rate opportunities on the market. The building is partially owner-occupied by a church utilizing three separate areas, including a newly renovated reception hall. Additional on-site tenants include a daycare and a thrift store, further diversifying income streams. In total, there are eight established tenants and three vacant units ready for lease-up. Recent capital improvements include a new roof and multiple brand-new HVAC systems, reducing near-term maintenance concerns for the next owner. An added bonus is the included adjacent parcel (100L H 021.00), a 0.55-acre lot with frontage on S. Rogers St., offering excellent potential for additional parking, storage units, or future development. This property is ideal for an investor seeking steady income with room to grow, or for a religious organization looking to expand into a multi-use facility.

Listing Courtesy:TCI Group - Jerry Petzoldt Agency, LLC

More Listing Info:

AC:Central Air: true

AC:Heat Pump3: true

Business Type:Church: true

Business Type:Professional Service: true

Business Type:ProfessionalOffice: true

Contract Info:Foreclosure: No

Development Status:See Remarks37: true

Easements:See Remarks18: true

Electric Service:Phase 3: true

Electric Service:See Remarks36: true

Exterior Finish:Block5: true

General Property Description:# Parking Spaces: 25

General Property Description:# Restrooms: 4

General Property Description:Acres: 1.38

General Property Description:Annual Lease: 0.0

General Property Description:HOA YN: No

General Property Description:Lease: No

General Property Description:Lot Size2: 179 x 202

General Property Description:Price LeaseSqFt: 0.0

General Property Description:Road Frontage Length: 382

General Property Description:Stories3: 1.0

General Property Description:Total SqFt Finished: 22900.0

General Property Description:Total SqFt Unfinished: 0.0

General Property Description:Zoning2: HB-3

Heating:Central: true

Heating:Heat Pump2: true

Info Available:ProfitLoss Statement: true

Info Available:Rental Roles: true

Location Tax Legal Info:City Taxes: 3424.71

Location Tax Legal Info:County Taxes: 4763.82

Location Tax Legal Info:Deed Book #: 1601

Location Tax Legal Info:Deed Page #: 291

Location Tax Legal Info:Plat Map: H

Other Equipment:Garage Bay(s): true

Property Condition:Above Average: true

Property Condition:Average: true

Remarks Misc:Directions3: From Highway 11W turn onto N Hasson St., go 0.4 miles and turn left on W Main St.. Go 350 ft. to building

Remarks Misc:Public Remarks7: This exceptional commercial investment opportunity offers over 22,000 square feet of versatile space with multiple income streams and significant upside potential. The property is comprised of 15 units, many of which have been renovated or built out, and features numerous long-term tenants already in place, providing immediate, stable cash flow. Currently generating approximately $7,653 per month, with three vacant units advertised for rent, the property presents a strong value-add opportunity with roughly 30% vacancy remaining--ideal for increasing income and boosting returns. The current net income stands at $91,838 annually, making this one of the highest CAP rate opportunities on the market. The building is partially owner-occupied by a church utilizing three separate areas, including a newly renovated reception hall. Additional on-site tenants include a daycare and a thrift store, further diversifying income streams. In total, there are eight established tenants and three vacant units ready for lease-up. Recent capital improvements include a new roof and multiple brand-new HVAC systems, reducing near-term maintenance concerns for the next owner. An added bonus is the included adjacent parcel (100L H 021.00), a 0.55-acre lot with frontage on S. Rogers St., offering excellent potential for additional parking, storage units, or future development. This property is ideal for an investor seeking steady income with room to grow, or for a religious organization looking to expand into a multi-use facility.

Restrictions:See Remarks34: true

Road Access:City Street: true

Roof:Rubber: true

Sale Includes:Fee Simple: true

Sale Includes:See Remarks35: true

Sewer:Public Sewer: true

Utilities:Electricity Connected: true

Utilities:Sewer Connected: true

Utilities:Water Connected: true

Water:Public: true