8 Railroad Street

    Sandwich, IL 60548
    • $600,000
    • STATUS: Closed
    • ON SITE: 441 days
    • MLS #: 09901123
    Sold - 04/25/2019
    $600,000
    SOLD - 04/25/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,000
      SQFT
    • $25
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1898
    County:
    Area:

    School Ratings & Info

    Description

    Excellent commercial investment property with numerous use options available to new Owner. Property currently has a well established retail antique store on first level that could be divided into multiple retail units; nine (9) apartments on second level. Apartments consist of four (4) one (1) bedroom, two (2) bedroom, one three (3) bedroom and two (2) efficiency apartments. Apartments traditionally rent quickly in the downtown Sandwich Business District. Additionally, the third (3rd) floor has upside potential for a creative project. There is also a 4,000 sf basement. First floor retail stores are occupied by highly regarded Prindi's Antique Store. This property is largest building in downtown Sandwich with about 24,000 total sq ft with ample public parking around the building. Very motivated Sellers!!!!

    Sold by Inland Real Estate Brokerage.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2019-06-18T10:53:04.85 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.johnlyonsrealestate.com/homes/82184261

    8 Railroad Street Sandwich, IL 60548

    • Price: $650,000
    • Status: Closed
    • Updated: 59 min ago
    • MLS #: 09901123
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    24,000
    SQFT
    $25
    $/SQFT
    1898
    Built
    Neighborhood:
    Sandwich
    County:
    De Kalb
    Area:
    Sandwich
    Property Description
    Excellent commercial investment property with numerous use options available to new Owner. Property currently has a well established retail antique store on first level that could be divided into multiple retail units; nine (9) apartments on second level. Apartments consist of four (4) one (1) bedroom, two (2) bedroom, one three (3) bedroom and two (2) efficiency apartments. Apartments traditionally rent quickly in the downtown Sandwich Business District. Additionally, the third (3rd) floor has upside potential for a creative project. There is also a 4,000 sf basement. First floor retail stores are occupied by highly regarded Prindi's Antique Store. This property is largest building in downtown Sandwich with about 24,000 total sq ft with ample public parking around the building. Very motivated Sellers!!!!
    Exterior Features

    Construction Brick Foundation ConcreteStone Frontage Access City Street Location Central Business DistrictCornerMixed Use Area Lot Dimensions 61 X 92 Lot Sq Ft 30785 Number Of Parking Spaces 2 Roof Coverings Rubber Roof Structure Flat

    Interior Features

    Air Conditioning Exhaust Fan/SWindow Unit/S Fire Protection Smoke Or Fire Protectors Floor Finish CarpetConcreteTileVinylWood Miscellaneous Inside Basement Number Of Apts 9 Number Of Offices 0 Number Of Ranges 9 Number Of Refrigs 9 Number Of Stores 4 Number Of Stories 3 Outdoor Parking Public Lot

    Property Features

    Age Older Built Before1978 YN Yes Current Use Commercial Electrical Service Circuit BreakersFusesSeparate Meters120V Power Electricity Expense 2386 Expense Year 2018 Exterior Building Type Brick Fuel Expense 1600 Geographic Locale Far West Gross Rental Income Amount 95100 Heat Ventilation Central Bldg HeatGasHot WaterRadiators Insurance Expense 4529 Known Encumbrances First Mortgage Lease Type Gross Miscellaneous Outside Fire EscapeSatellite DishSecurity Lighting Monthly Rental Price 0 Net Oper Income Amount 60671 Net Operating Income Year 2018 Number Of Window Ac 4 Other Expenses 6540 Owners Assoc YN No Possession Closing Potential Use CommercialCondominiumOffice And ResearchResidential-Multi-FamilyRetailSpecial UseOther Rental Price 0 Sale Terms ConventionalAssumption-ConvContract (Articles) For DeedLease/PurchaseOwner May Help/AssistPurchase Money MortgageRent W/ OptionTrade/ExchangeNegotiable Seller Will Add Existing PaperCreate PaperWill DivideOther Tax Year 2017 Taxes 17657 Tenant Pays ElectricOtherVaries By Tenant Total Annual Exp 34429 Total Annual Expense Source Owner Projection Total Annual Income 95100 Total Monthly Income 7925 Township Sandwich Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-MunicipalWater To Site Water Drainage Storm Sewers Water Expense 2574 Zoning Type Other

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Inland Real Estate Brokerage.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2019-06-18T10:53:04.85 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    John Lyons Real Estate | Baird & Warner
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    Chicago IL, 60614