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1220 1st Street

$135,000

1220 1st Street, LaSalle, IL 61301

Active
Last Updated: 04/15/2023

8.4

Cap Rate

11,400

NOI

Details:
Cap Rate:    8.4%
NOI:    $11,400
Building Size:    1,200 sqft
Lot Area:    0.13 acres
Units:    1
Year Built:    2006
Zoning:    C-3
Floors:    1
Parking Spots:    2
Highlights:
  • Lot Dimension: 50x115
  • Annual Tax: 1464.82
  • Dock Height: 10'
  • Gross Income: 12000.0
  • Age: 11-20 Years Old
  • Area Description: Historic / Antique
  • Cooling: Window A/C
  • Lot Size: Under 1/2 Acre
  • Road Type: Main Thoroughfare
  • Sewer: City
  • Water: City Water
Description:

Well maintained commercial building with 5 year tenant on 1st street in downtown LaSalle. An excellent investment opportunity. This .13A parcel includes a 1,200 sq. ft. steel building with two drive-in 10' door bays, heated and A/C shop, 316 sq. ft. office, 52 sq. ft. mechanical room, and 42 sq. ft. bathroom. Built in 2006, this commercial property is a great opportunity to be a part of LaSalle's downtown resurgence. Two 10' wide by 8' high overhead doors, air compressor, slop sinks, cabinetry all included in the sale. A 5-year lease was executed in January 2023 with increases in year 4 and 5 plus extension option. This parcel can be sold with MLS 11712158 for 1213 Canal St, LaSalle, directly behind this parcel.

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