1001 Division Street, Orion, IL

$195,000

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0.31

Acres

About 1001 Division Street

Recently renovated and remodeled office building turned salon suites featuring a freshly painted exterior/interior, updated windows, and new flooring throughout. The property also includes a fully updated restroom. Estimating that HVAC and LED lighting were updated in 2022/2023. The building consists of eight individual salon suites, with six currently leased at 300 per month. The current owner occupies three of the suites and intends for the business operations to continue as-is, with existing leases remaining in place. This property offers a solid investment opportunity with room for future growth through rent increases or additional leasing potential. Please note: Property taxes have not yet been reassessed, as the former owner was a nonprofit. Prospective buyers should factor a potential tax adjustment into their cash flow analysis.

Features of 1001 Division Street

MLS® # 100000023
Price $195,000
Bathrooms 0.00
Acres 0.31
Type Commercial Sale
Sub-Type Office/Tech
Status Active

Community Information

Address 1001 Division Street
Area Orion
City Orion
County Henry
State IL
Zip Code 61273

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick/Stone Msn Pred
Roof Membrane
Foundation Concrete Perimeter

Additional Information

Days on Market 166
Zoning Comm
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHawkeye Commercial Real Estate

Listing Map

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