Property Listing No Longer Available for Sale

307 S 6th St.,, Charleston, IL

Retail for Sale - $140,000 - 6,327 Sq. Ft. on 0.32 acres


Property Info

CIMLS#1032257
Location
  307 S 6th St.,
  Charleston IL 61920
UpdatedOctober 22nd, 2020
TypeRetail
Price$140,000
Building6,327 Sq. Ft.
Land0.32 acres

Property Description

Subject property was originally constructed in the late 1910’s and was the original home to the local newspaper the Times/Charleston Courier. The building is broken into two sections, the front office/retail space that consists of 4,902 SF and has a full basement that can be utilized for storage. The front portion of the building has two women’s restrooms and one men’s with 4 fixtures. The rear portion of the building is considered storage/warehouse roughly 25? x 57? or 1,425 SF with 14? ceilings and a 8’9? x 13’5? OHD. The building has 400 AMP 480 Volt power and the warehouse has 3 phase 208 Volt. There are 2 air conditioners on the building’s flat roof and two newer heaters in the basement along with a sump pump. The property also has new awnings, and updated facade, and some tuck-pointing has been done. The property is currently leased though 3/14/22 for $20,400/Year Gross with a tax stop based in 2015. The tenant has a rolling option to purchase the property for $135,000 increasing annually. The property is being offered currently at 10.8% Cap rate.


Financials