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801 - 805 1st Street Lasalle, IL 61301
8,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $49
MLS Listing ID 12409525
Annual Tax Amount $3,312
Tax Year 2024
Lot Dimensions 59' X 152'
Property Sub-Type Mixed Use
Property Description
This building (the former Maytag building) is planned to be a mixed use building with six upscale apartments on the second floor and some type of retail on the ground floor. The apartments are fully framed, with electrical and plumbing rough-ins completed. HVAC ductwork is largely installed for the apartments. The building has undergone significant structural reinforcements, along with installations of new roofs, exterior concrete, landscaping, hardscaping, gutters and siding. Additional materials have already been purchased for the property, including TREX decking boards, steel doors and electrical equipment. Electrical and gas supply still need to be brought to the building but underground conduits are in place to accomodate these utilities. Ground floor is dirt as they had been in the process of running electrical, etc. before installing new floor. There is space available for nine parking spaces. Future rental income, after full rehab, is estimated to be approximately $200,000 and an operating income of approximately $130,000. capitalized at the prevailing market cap rate equates to a future market value of $1.3 million. Work up your estimated rehab numbers and then present an offer.
Location
State IL
County Lasalle
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Dunholter • Brummel Properties, Inc.