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202 W Saint Louis Street

Lebanon, IL 62254
  • $279,900
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: 22059433
UPDATED: 16 min ago
$279,900
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,521
    SQFT
  • $37
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Mixed commercial and residential investment property right on the main street in historic Lebanon, IL. This property offers a great growth opportunity in a quaint town with brick streets, close to McKendree University and Scott AFB. Commercial space is rented to 2 longer term tenants at $700 per month. 3 additional apartments in rear and upper levels. Lower level tenant rents a 1 bed, 1 bath space plus a 2 bed, 1 bath space for $820 a month and he also maintains the lawn area. Upper level features a 2 bedroom 1 bath unit that rents for $575. All rents are month to month. Owner pays water/sewer/trash. Tenants pay all electric/gas expenses. Property is sold as-is, seller installed new roof in 2020. Contracts subject to preview of all units upon scheduling. Please do not disturb tenants.

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Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-10-05T21:39:21.647.

Two Keys at RE/MAX Alliance: 618-581-4324
www.twokeysforhome.com/homes/133320093
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202 W Saint Louis Street Lebanon, IL 62254

  • Price: $279,900
  • Status: Active
  • On Site: 12 Days
  • Updated: 16 min ago
  • ID#: 22059433
0
Beds
0
Baths
0
½ Baths
0.17
Acres
7,521
SQFT
$37
$/SQFT
1920
Built
Neighborhood:
West/Public Square
County:
St Clair
Property Description
Mixed commercial and residential investment property right on the main street in historic Lebanon, IL. This property offers a great growth opportunity in a quaint town with brick streets, close to McKendree University and Scott AFB. Commercial space is rented to 2 longer term tenants at $700 per month. 3 additional apartments in rear and upper levels. Lower level tenant rents a 1 bed, 1 bath space plus a 2 bed, 1 bath space for $820 a month and he also maintains the lawn area. Upper level features a 2 bedroom 1 bath unit that rents for $575. All rents are month to month. Owner pays water/sewer/trash. Tenants pay all electric/gas expenses. Property is sold as-is, seller installed new roof in 2020. Contracts subject to preview of all units upon scheduling. Please do not disturb tenants.
Exterior Features

Attached Garage YN No Lot Size Source County Records Parking Features ConcreteGravelOther Road Frontage Type City Street Unit Location Corner LocationDowntown

Interior Features

Above Grade Finished Area Source Public Records Cooling Wall Unit(S)Electric Heating Individual Unit Heating YN Yes

Property Features

Association Realtor Association Of Southwestern Illinois Commercial Type Retail Current Use Two StoriesMixed UseRetail Strip CenterStore FrontProfessional ServiceResidentialRetail Disclosures UnknownCode Compliance Reqd Electric Other Inclusions Building & LandSubject To Lease Miscellaneous Display Window Net Operating Income 18610 Possible Use ResidentialRetailStrip Center Property Sub Type Commercial & Indr. Sewer Public Sewer Special Listing Conditions No ExemptionsNone Tax Annual Amount 7290 Tax Year 2021 Transaction Type Sale Utilities Electricity AvailableGas To SiteWater AvailableSewer Available Water Source Public Zoning Commercial

Listing provided courtesy of Re/Max Results Realty: 2164400. Listing information © 2022 Mid America Regional Information Systems, Inc.
Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-10-05T21:39:21.647.

Two Keys at RE/MAX Alliance: 618-581-4324
 
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Edwardsville IL, 62025