Bob Case
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Main Street Investment Opportunity ? 5 Units + Laundry Income + Value-Add Potential Turn-key Investment! Rare opportunity to acquire a five-unit mixed-use investment property located on Main Street in Toulon, IL. Situated on a corner lot in Stark Countys central business district, this property offers stable in-place income with additional upside through modest rent increases and improved use of existing space. The building includes five residential units, on-site laundry income, and a basement with potential for an additional revenue stream. Fully occupied, consistent cash flow, attractive low-turnover asset in a limited-inventory rental market. The property is located next to Toulon Tap, a well-known local bar contributing to steady activity and community presence. *The bar and bar building are not included in the sale.* A public park sits directly behind the property, and nearby amenities include Dollar General, City Hall, medical services, Stark County schools (Niche Grade B-), and access to the Rock Island Trail. Conveniently located approximately 18 minutes from Kewanee, IL. Investment Highlights 5 income-producing units Additional laundry revenue Finished basement with income potential Corner Main Street location Stable tenancy with upside opportunity Financial Snapshot Current Monthly Revenue: $2,850 Pro-Forma Monthly Revenue: $3,950 Current NOI: $26,790 Pro-Forma NOI: $39,990 Projected Cap Rate: ~11% with upside Do not disturb tenants! Make an offer!
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Available Sqft: 3150
Year Built: 1900
General Information
County: Stark
Listed By:
eXp Realty
Mobile: 786-383-9136
RMLSA
MLS ID: PA1262986
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129 W Main Street, Toulon, IL 61483.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $195,000 | $195,000 | $195,000 |
| Down Payment | $39,000 | $6,825 | $48,750 |
| Monthly Mortgage Amount | $935 | $1,148 | $1,205 |
| Taxes | $271 | $271 | $271 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $86 | $0 |
| Monthly Estimated Total | $1,306 | $1,605 | $1,576 |
Bob Case
REALTOR®
Cell: (563) 340-7514
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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