228 Main Street Savanna, IL 61074 • Residential - Single Family • Active $61,500

Description

A fresh start on Main Street at an unbeatable price point. After a full cleanout, fresh paint, and recently updated plumbing and electrical, this 1,400 sq ft commercially zoned mixed-use building is ready for its next owner. Situated in the heart of downtown Savanna adjacent to the movie theater and directly across from Manny's, the visibility and foot traffic speak for themselves. This space has been home to a barbershop continuously since the 1970s - the infrastructure is already there and the town is already trained to walk through that door. But the possibilities go well beyond one use. BUSINESS OWNER: occupy the full 1,400 sq ft as one commercial space with excellent Main Street frontage, large display windows, a half bath, and break room. LIVE AND WORK: run your business from the front commercial unit and live in the rear studio, which features two open areas, an efficiency kitchenette, a full bath, and a separate hallway entrance from the front door. INVESTOR: lease both units and generate income at an entry price of $63,000 - previously producing $1,000/month with tenants covering all utilities and owner responsible only for taxes and insurance, approximately $3,000/year. The rear unit also includes access to a basement for additional storage. At $44/sq ft, this is the lowest price per square foot available in Savanna against a market averaging $80-110/sq ft on pending and sold properties. Seller is a licensed real estate agent

Property Highlights