260-270 State StHampshire, IL 60140

For Sale
$1,175,000

High-Yield Multi-Tenant Property in Hampshire, IL

Overview

Added:
Feb 3
Days on market:
39
This exceptional commercial property at 260-270 N State Street in Hampshire, Illinois presents a compelling investment opportunity. Boasting 10,750 square feet of space, this property enjoys a prime location with 195 feet of frontage on Hampshire's central business district. The property comprises two distinct buildings. Five units, constructed in 2006, are currently fully leased. An additional four units, remodeled within a 1955-built 1.5-story structure, are also fully occupied. The diverse tenant mix includes a pharmacy, eye doctor, restaurant, photographer, and other office spaces, ensuring a stable income stream. Ample onsite parking accommodates 30+ vehicles, adding to the property's appeal. The property is professionally landscaped, enhancing its curb appeal and overall value. Given Hampshire's rapid growth, this property offers a significant chance to capitalize on a thriving market before further appreciation. The asking price is $1,175,000. This is a rare opportunity to acquire a well-maintained, high-income-producing commercial property in a rapidly developing area. The existing leases provide immediate cash flow, making this an attractive investment for both seasoned and new investors. The property's location and diverse tenant base contribute to its strong financial performance and long-term potential.

Property Details for 260-270 State St

Property type
Other commercial real estate
Square Feet
10,750 SF
Year Built
1955

Location Insight

City
Hampshire
County
Kane
State
Illinois
Latitude
42.10057
Longitude
-88.53065
260-270 State St, Hampshire, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
260-270 State St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message