Skip To Content

112 W Magnolia Street

Elmwood, IL 61529
  • $75,000
  • STATUS: Closed
  • ON SITE: 699 Days
  • ID#: PA1235610
Sold - 09/13/2023
$75,000
SOLD - 09/13/2023
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

PROPERTY IS CURRENTLY UNDER LETTER OF INTENT - This fantastic property has a historic feel and so many interesting characteristics. This property is now being offered most likely for the first time in your lifetime. Property has income generated by the two first floor tenants. Estimated 15,693 NOI for 2022 without the upper level use. Upper level has been used entirely by a private fraternal order. This property has so many possibilities and is located in Elmwood TIF district. Upper level will be vacant for the next owner's use. A little imagination will result in endless possibilities for this space.

Monthly Payment Calculator



© 2024 RMLS Alliance, 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 the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2024-05-29T12:45:05.167.
www.brysonsmithteam.com/homes/130402349
Print Image

112 W Magnolia Street Elmwood, IL 61529

  • Price: $200,000
  • Status: Closed
  • On Site: 699 Days
  • Updated: 54 min ago
  • ID#: PA1235610
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Paar Area
County:
Peoria
Area:
Paar Area
Property Description
PROPERTY IS CURRENTLY UNDER LETTER OF INTENT - This fantastic property has a historic feel and so many interesting characteristics. This property is now being offered most likely for the first time in your lifetime. Property has income generated by the two first floor tenants. Estimated 15,693 NOI for 2022 without the upper level use. Upper level has been used entirely by a private fraternal order. This property has so many possibilities and is located in Elmwood TIF district. Upper level will be vacant for the next owner's use. A little imagination will result in endless possibilities for this space.
Exterior Features

Construction Materials OtherBrick Outdoor Dining YN No Roof Membrane

Interior Features

Bar YN Yes Building Area Total 6970 Cooling Central Air Flooring ConcreteTile/VinylWood Heating Gas Walk In Cooler YN No Walk In Freezer No

Property Features

100 Year Flood Plain Unknown Agent Owned No Exemptions Fraternal Financing Cash OnlyConventionalOther Foreclosure YN No Frontage Type City Street Gross Operating Income 21696 Gross Scheduled Income 15693 Levels Three Loading Dock YN No Net Operating Income 15692 Possible Use Flex SpaceOtherCommunity CenterOfficePost OfficeRetailInvestmentRestaurant Sewer Public Sewer Tax Annual Amount 378 Tax Incentive1 Tif District Tax Year 2021 Type Commercial Underground Storage Tank YN No Water Source City Water/Connected Zoning Commercial

Listing provided courtesy of Amber Neal of Jim Maloof Realty, Inc.: Pref: 309-696-9310.
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 RMLS Alliance, 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 the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2024-05-29T12:45:05.167.
 
https://bt-photos.global.ssl.fastly.net/peoria/1280_boomver_1_PA1235610-1.jpg https://bt-photos.global.ssl.fastly.net/peoria/1280_boomver_1_PA1235610-1.jpg https://bt-photos.global.ssl.fastly.net/peoria/1280_boomver_1_PA1235610-1.jpg
Logo
Bryson Smith Team | Keller Williams Premier Realty
4700 North Prospect Road
Peoria IL, 61616