1220 1st Street
$135,000
1220 1st Street, LaSalle, IL 61301
8.4
Cap Rate
11,400
NOI
Details:
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.
Location

Gallery
