1117 Washington StHighland, IL 62249

For Sale
$555,000

High-yield, two-suite commercial property

Overview

Added:
Feb 3
Days on market:
39
This exceptional Highland, IL commercial property at 1117 Washington Street offers a compelling investment opportunity. The 5,645 square foot building features two suites currently generating strong rental income. Suite 1117, a dentist's office, commands $6,000 per month on a modified gross lease expiring July 2025. Suite 1119, occupied by a fitness center, brings in $850 per month on a modified gross lease expiring April 2025. The sale includes a valuable asset: a dedicated parking lot across the street on 12th Street, accommodating approximately 30 vehicles. The building is in excellent condition, boasting recent upgrades such as a new HVAC system and windows. It's ideally situated in the Commercial-Central Business District zoning area. Currently boasting a 13% capitalization rate, this property presents a strong return on investment. Note that the dentist will remove their equipment upon lease expiration. Detailed information and showing instructions are available upon request. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable location.

Location Insight

City
Highland
County
Clinton-IL
State
Illinois
Latitude
38.73861
Longitude
-89.67876
1117 Washington St, Highland, Illinois

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1117 Washington St
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