100 East Market Street, Piper City, IL

$825,000

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0.52

Acres

About 100 East Market Street

This meticulously maintained, all-brick 8-unit apartment building offers a compelling investment opportunity in a high-demand rental market. Each spacious two-bedroom unit is designed for tenant comfort and boasts generous living areas, ensuring consistent desirability. The property features a coin-operated laundry facility, providing an additional revenue stream. Currently, the building enjoys full occupancy with no vacancies, reflecting its strong appeal and effective management. The property is in excellent condition, with ongoing maintenance ensuring long-term durability and minimal upkeep costs. A significant value-add opportunity exists for a new investor, as current rents are below market rates. By strategically adjusting rents to align with local market trends, a buyer can increase cash flow and maximize return on investment. This turnkey property is ideal for investors seeking a stable, income-producing asset with immediate upside potential. Property sits on a double lot that could be used to build a similar building upon village approval. Contact us today to schedule a viewing and explore the financials of this exceptional investment opportunity.

Features of 100 East Market Street

MLS® # 12465785
Price $825,000
Bathrooms 0.00
Acres 0.52
Year Built 1970
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 100 East Market Street
Area Piper City
City Piper City
County Ford
State IL
Zip Code 60959

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Additional Information

Days on Market 35
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeEllsbury Group LLC
Contact Info219-200-5133

Listing Map

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