Listing provided courtesy of Northern Illinois Realty LLCMREDas Distributed by MLSGrid- MLS# 12050653MLS Provider

201 W Main StreetGenoa, IL 60135

Commercial · 4,000 Sq. ft.
$399,000 Active

201 W Main Street Overview

Time on Site:
777 days
Visits:
8

FULLY RENTED COMMERCIAL SPACE AND 2 RESIDENTIAL APARTMENTS AVAILABLE NOW FOR NEW INVESTOR! NEW-NEW-NEW! - Beautifully refurbished throughout 1st & 2nd floors. New electric, new plumbing, new drywall and trim, new fixtures. First level commercial space includes approximately 1500 square feet of office/retail space, bathroom, finished basement and garage. This commercial space has a 5 year lease with a 3 year option. Current Lease amount is $1500 per month. Second floor showcases 2 - two bedroom apartments that have been totally gutted and professionally improved. There is a washer & dryer upstairs for both tenants to use. These residential rentals are currently rented at $1250 a piece for a one year term. Both tenants would like a long term lease. All units are separately metered. Finished basement offers a massive amount of room for storage. An attached garage is located at the back of the building. Street parking available, as well as a City Parking Lot across the street.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

201 W Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 4,000
  • Price/Sq.ft. $100

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Scheduled Income: 48000
  • Net Operating Income: 48000

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: DeKalb
  • MLS Area Major: Genoa
  • Township: Genoa

Rent/Lease Information

  • Tenant Pays: Electricity, Heat

Tax Information

  • Tax Annual Amount: $4,897.82
  • Tax Year: 2024

General Information

  • Parcel Number: 0319454016
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 4000

General Information

  • Cooling: Central Air
  • Electric: Separate Meters
  • Flooring: Vinyl
  • Leasable Area: 0
  • Stories: 2

Unit Information

  • Unit SqFt.: 3500

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X100
  • Lot Size Square Feet: 2500

General Information

  • Number Of Units Total: 3

201 W Main Street Neighborhood

Community

60135 (Genoa) Demographics

42
Median Age
150
Population Density (per sq. mile)
30%
College Educated
$76,339
Estimated Median Income
1,765
Estimated Total Home Owners
860
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

201 W Main Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

201 W Main Street Market Data

Based on the last 30 days in this zip code

$347,971
Average List Price
$208
Average Price per Square Foot
12
Properties Sold
55
Average Days on Market
28
Properties for Sale
Calculations provided by Reliance Network

201 W Main Street History

Date Event Value Agent
5/19/2024Source: MRED Status Change
Active
5/13/2024Source: MRED Added to Database
May 13, 2024