1001 Main StHighland, IL 62249

For Sale
$750,000

15 Properties, High Traffic Area, Great Investment

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a portfolio of fifteen commercial properties located at 1001 Main Street, Highland, Illinois, situated on a 0.16-acre lot at the northeast corner of the town square. The portfolio is being sold "as is," with the seller not undertaking any repairs prior to sale. The properties include seven office spaces, a gym, and three apartments, all benefiting from a shared laundry facility. Tenants are responsible for gas and electric utilities, while water is covered by the owner. A significant feature is a large, unfinished basement offering considerable potential for expansion or additional storage. The property boasts a recently installed roof (2024) and benefits from its high-traffic location in a prominent downtown area. This presents a unique chance to acquire a diverse and established commercial portfolio in a thriving Illinois community. The properties are offered at a price of $750,000. This is a turnkey investment opportunity for a savvy buyer looking for immediate returns and future development potential. The portfolio's diverse mix of commercial and residential units provides a stable income stream and a strong foundation for future growth. The "as is" condition allows for flexibility in renovation and modernization plans, tailoring the properties to meet specific market demands. The prime location on the town square ensures high visibility and accessibility, maximizing the potential for tenant attraction and business success.

Property Details for 1001 Main St

Property type
Other commercial real estate
Year Built
1950
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Highland
County
Madison-IL
State
Illinois
Latitude
38.74075
Longitude
-89.67878
1001 Main St, Highland, Illinois

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1001 Main St
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