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Description
Check out this cash-flowing multi-unit property located at 109-113 N Broad St. in Loraine IL. This solid brick building features three active income streams plus additional upside with an unfinished level with 2272 sq ft open and ready for development. Currently there is an Airbnb lodge with 4 non-conforming bedrooms & 3 baths that includes 1426 sq ft of space. This space has a newer central air unit, forced gas heat, and electric water heater. The oven/stove, refrigerator, microwave, washer and dryer are included. Next space is the Post Office with 868 sq ft. The back rental is 1104 sq ft with 2 non-conforming bedrooms and 1 bath. This rental has a newer gas furnace, electric water heater, and washer/dryer. Also includes oven/stove and refrigerator., Office SQFT M/L: 1104, Retail SQFT M/L: 868, Manufacturing SQFT M/L: 0, Other SQFT M/L: 1426, Warehouse SQFT M/L: 2772, Restaurant SQFT M/L: 0, HiSpd Intrnt DSL Avail
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
General Information
County: Adams
Listed By:
Century 21 Broughton Team
217-224-4600
MRED MLS
MLS ID: 12603288
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109-113 N Broad Street, Loraine, IL 62349.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $170,000 | $170,000 | $170,000 |
| Down Payment | $34,000 | $5,950 | $42,500 |
| Monthly Mortgage Amount | $804 | $1,001 | $1,033 |
| Taxes | $237 | $237 | $237 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $75 | $0 |
| Monthly Estimated Total | $1,141 | $1,413 | $1,370 |