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213 W Walnut Street Watseka, IL $ 375,000
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$ 375,000 Get more info
213 W Walnut Street
$ 375,000
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Share Save

213 W Walnut Street

Watseka, IL, 60970
$ 375,000
Baths0.0 Sq 9,375

Monthly Estimate*

$ 2,619

213 W Walnut Street, Watseka, IL 60970 - Image 1
213 W Walnut Street, Watseka, IL 60970 - Image 2
213 W Walnut Street, Watseka, IL 60970 - Image 3
213 W Walnut Street, Watseka, IL 60970 - Image 4
Studio

Commercial Property for sale in Watseka, IL

for $375,000. This 9,375 square foot building was built in 1917 on a lot size of 0.074036.

TERRIFIC INVESTMENT OPPORTUNITY - with peace of mind! This 14 unit motel/apartment hybrid building has a new roof, plus new windows and screens, all with transferrable warranties. Brand new furnace, too! Most of the apartments are on the top floor; there are laundry facilities on the 2nd floor, and the theater is on the main floor - and could be converted into retail space. The building has central air, but tenants can rent window units, as well.* BRING HISTORY BACK TO LIFE! This famous building was established by the Railroad Company as a theater & hotel for its employees - it has many beautiful architectural features, as well as modern comforts. A steady source of income and a unique prospect - come and see! (c)2022 *See zoning notes in broker remarks.*Flooring credit for common area negotiable with acceptable contract.*

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Commercial Active

Price

$ 375,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,824

Style

Lot Size

0.074036

Year Built

1917

Town/City

Watseka

County/Region

Iroquois

MLS | Web ID

11355366
Features
General
Cooling Central Air Window Unit(s)
Utilities Sanitary Sewer Water-Municipal
Possession Closing
Roof Membrane
Zoning OTHER
Construction Materials Brick Wood Frame
Year Built 1917
Electric Circuit Breakers
Tenant Pays Air Conditioning Other Varies by Tenant
Stories 3
Township Middleport
Property SubType Mixed Use
Tax Year 2021
Gross Income 68453
County Iroquois
Net Operating Income 48884
Operating Expense 19569
Insurance Expense 3478
Property Type Commercial Sale Mixed Use
Possible Use Commercial Multi-Family
Status Active
Directions From Kankakee: Rte 1 south to Watseka; left on Walnut. Property on right by the bakery.
City Watseka
Total Units 14
MLS Area Watseka
Lot Size Square Feet 3225
Street Name Walnut
Tax Annual Amount 1824
Electric Expense 5066
Fuel Expense 0
Trash Expense 1194
Water Sewer Expense 2699
Additional Parcels Y/N N
Days on Market 743
Lease Type Modified Gross
Standard Status Active
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Interior
Flooring Carpet Vinyl
Total Fireplaces 0
Street Suffix Street
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Exterior
Foundation Details Block Brick/Mortar
Building Area Total 9375
Lot Dimensions 25X128.9X25X128.9
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Coldwell Banker Realty

Broker

susan.fisher@cbexchange.com;susan@fisherpowersgroup.com

Email

Affordability Calculator

$2,771
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,619
Monthly Property Taxes
$152
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/20/2023$375,000 Listed Price

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213 W Walnut Street, Watseka, IL, 60970 is a Commercial Property for sale at $375,000 with 9,375 sqft and a lot size of 0.074036. 213 W Walnut Street is a studio with 0.0 baths and was built in 1917. The property's zip code is 60970 which is in Watseka, IL

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