1117 Washington StHighland, IL 62249

For Sale
$555,000

Dental & Fitness Center, Parking Included

Overview

Added:
Dec 11, 2024
Days on market:
93
This Highland, IL, commercial property offers 5,645 square feet of space, currently housing a dental office and fitness studio, both with existing leases. Built in 1975, the single-story building features two units and boasts recent updates including new windows and HVAC systems, specifically designed for medical/dental use. The dental office lease runs until July 2025 at $6,000 per month (modified gross), while the fitness studio lease extends to April 2025 at $850 per month (modified gross), generating a combined monthly rental income of $6,850. The property also includes a 30-car parking lot across the street, providing ample parking for tenants and clients. Located in the downtown business district, just two blocks from the town square, this property presents a turnkey solution for medical professionals or a savvy investor seeking a strong return. The asking price is $555,000, with a price per square foot of $98.32. The property is zoned for commercial use and offers the potential for conversion to accommodate various office needs. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.

Highlights

  • Excellent investment opportunity for owner-operators or investors.
  • Generating $6,850 monthly in rental income.
  • Prime location: Two blocks from the downtown square in the business district.
  • Recently renovated with new windows, HVAC system, and dental/medical-ready features.
  • Includes a 30-space parking lot on 12th Street.

Property Details for 1117 Washington St

Property type
Other office properties, Medical offices
Square Feet
5,645 SF
Year Built
1975
Stories
1
Units
2

Location Insight

City
Highland
County
Madison
State
Illinois
Latitude
38.738451929466
Longitude
-89.679001412645
1117 Washington St, Highland, Illinois

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1117 Washington St
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