520 Main St | Image 1
520 Main St | Image 2
520 Main St | Image 3
520 Main St | Image 4
520 Main St | Image 5
520 Main St | Image 6
520 Main St | Image 7

$329,990

Sold

A year ago

MLS® 12317390

0 Bed

0 Bath

--

--

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $5,309
Approx. Age 1915
MLS® Number 12317390

Property Address: 520 Main St, PECATONICA, IL, 61063-7741

Average square foot calculated using Size range provided by listing agent.

Description

Prime Mixed-Use Investment Opportunity in Pecatonica, IL - This 7-unit property at 520 Main St features two vacant storefronts and five apartments, with only one apartment empty for showing. (three 2-bed/1-bath units, one 1-bed/1-bath unit, and one 3-bed/1-bath unit). The current rent roll is under 3k per month currently with vacancies and low rents in place, with significant upside potential - fully leased and at market rents, the property can generate 6k/month. Both storefronts can be rented for 700-900 each, adding substantial income. The apartment units are leased under market and could all be raised as well. All leases are month to month so rents could be easily raised with a 30 day notice. In the past year, there has also been a brand new furnace and water heater put in. The building is entirely separately metered, keeping expenses low and operations efficient. Priced at 400k, with the upside, this is a fantastic value-add opportunity with strong cash flow potential in a historic community.
MLS® Number12317390
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1915
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Apr 29, 2025End Date
$250,000Sold Price

Sold

Mar 21, 2025List Date
$329,990List Price
  • Commute

Commute

Starting Address
Destination Address
520 Main St, PECATONICA, IL

Similar Listings

Comparable Properties