This beautiful gem is centrally located in La Salle's coveted Historic Downtown District, on the north side of the desirable 700 block. Meticulously renovated in 2015, the property features upgraded mechanicals, new roof in 2015, refurbished original flooring and a beautiful stairway greets visitors and customers as they enter the property and welcome them to the secluded 2nd floor showroom and private office with large windows overlooking First Street. All cabinetry is custom built with no detail overlooked! Multi-zone HVAC on each floor. Wide open retail space with built in fitting rooms, ample closet space to tuck away inventory and for storage, as well as high 13'-7" ceilings on the ground floor and 10' clear height on the 2nd floor. The property contains 2 APN which means dedicated off-street parking or room for a future patio - a rare find. Take advantage of La Salle's Downtown TIF, UIRVDA Enterprise Zone, facade improvement program, or Historic District tax incentives for future renovations to this property! PLEASE DO NOT DISTURB TENANT, BUSINESS IS NOT FOR SALE AND WILL REMAIN OPEN THROUGH PROPERTY SALE. The current lease is good through 9/30/27 with price escalators each year. Contact Listing Broker for additional financials. EM payable to Coldwell Banker Real Estate group via certified funds.
| Property Type | Retail |
|---|---|
| Property Use | Rental or Investment |
| Year Built | 1900 |
| Renovated Year | 2015 |
| Level Number | 2 |
| Average Floor Size | 1,800 |
| Lot Dimensions | 20x90 |
| Max Continuous Area | 3,600 |
| Min Divisible Area | 3,600 |
| Zoning | C-2 |
| Tax Year | 2023 |
| Cap Rate Percentage | 9.17 |
| Average Daily Rate | 100 |
| Listing ID | 9YNMZK |
| MLS ID | 12015788 |
| Building Size | 3,600 SF |
| Lot Size | 0.05 AC |
| Taxes | $2,700 |
Region: LaSalle
Region: Illinois
| Parking Places: | 2 |
| Area Amenities: | Biking, Area Hiking, Jogging / Biking Path, Outdoor Activities |
| Location: | Above Shoppes, Emerging Area |
| Pre-Wiring: | Cable, Security System |
| Exterior Description: | Stone, Brick |
| Age: | Over 50 Years Old |
| Area Description: | Historic / Antique |
| Garage Description: | No Garage |
| Water: | Municipal Water |
| Interior: | Cathedral Ceilings, Vaulted Ceilings |
| Sewer: | City |
| Cooling: | Central A/C |
| Heating Type: | Forced Air |
| Flooring: | Hardwood |
| Road Type: | Main Thoroughfare, City / Town Street |
| Lot Size: | Under 1/2 Acre |
| Gross Income: $38,400 |
| Expenses: $9,500 |
| Fully Leased Income: $33,200 |