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400 W Main Street West Frankfort, IL 62896 Commercial - Office Active

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Description

Great investment opportunity. H&R Block has occupied the property for over 12 years with a new 5 year lease in place with a 10 year option. Wish a steady income, updated roof and hvac, this is as easy as you get. Base rent is $1400/month until April 30, 2029 when rent goes to $1420/month. The roof was installed in 2017, air conditioning between 2016-2018, and the heater in 2024. This open floor plan office space has been updated with paint and carpet and includes 4 private offices, 10X10 each. The water, mowing, and snow removal are paid for by owner but reimbursed by H&R Block Enterprises.

Property Highlights

Property Type: Commercial - Office
Building Description: 1.0 stories
Available Sqft: 1800
Year Built: 1985

General Information

County: Franklin
Listed By:
COLDWELL BANKER J D THOMPSON mplant618@gmail.com
RMLSA
$125,000
Est. $882/mo
Active
SQUARE FEET1,800 MLS#PA1267456
STATUSActive PROPERTY TYPECommercial - Office

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400 W Main Street, West Frankfort, IL 62896.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $125,000$125,000$125,000
Down Payment $25,000$4,375$31,250
Monthly Mortgage Amount $608$746$772
Taxes $174$174$174
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$55$0
Monthly Estimated Total $882$1,075$1,046

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