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Delavan,IL 61734
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,740 sqft
Price per Sqft $78
MLS Listing ID PA1261454
Year Built 1891
Annual Tax Amount $2,557
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Commercial
Source rmlsa
Property Description
Excellent opportunity to own a historic building on the square downtown in Delavan. This investment property consists of two retail spaces and one apartment on the main level, and 3 apartments on the upper level of the building. New carports were put in to provide spaces for each unit. All four apartments are currently leased and both retail spaces are currently leased. There is one space still available that the current owners are using for storage that could be added to either retail unit. The building has been well cared for, updated and includes a common laundry room. Current rents are $3,450 per month. Recent improvements include new downspouts/gutters, front foundation and facade (2020), roof was repaired and resealed in 2024, and many windows have been replaced.
Location
State IL
County Tazewell
Area Paar Area
Zoning Business
Direction On the Sqaure in Delavan
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Wall/Window Unit(s)
Flooring Carpet,Concrete,Tile
Fireplace N
Exterior
View true
Roof Type Flat,Sloped
Garage 1
Building
Faces On the Sqaure in Delavan
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Frame
Others
Tax ID 21-21-10-125-017