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116 E Myrtle, Elizabeth, IL 61028

$125,000
Commercial Property MLS# 20171578 ID: 47281821
$125,000 Get Rates

Mixed Use - Elizabeth, IL
Historic former “Commercial Hotel” built in 1894. It has been operated as a 6-unit apartment building with the current building owner operating a gift shop on a portion of the main floor for the past 17 years. The gift shop (which also has central air conditioning) could be converted to additional apartment space. This 2-story brick building is located across the street from the Chicago Great Western Railway Museum. The former hotel operated for 59 years until it was closed on December 23, 1953. The owners have tried to maintain many of the architectural features of the former hotel and even have a few pieces of furniture from the hotel, which could be purchased on a separate bill of sale. The six apartments are all 1 bedroom/1 bath with natural gas and electricity separately metered and all but one include a stove & refrigerator. Apartment rents ranged from $350 to $425/month when occupied. Apt. #4 (main floor) is the only unit currently occupied at $375 plus heat only. No rent allocated for retail shop which occupies the balance of main floor. Landlord pays for taxes, insurance, garbage and water. The property includes an adjacent frame storage/garage structure. (kb41)

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Location Information near 116 E Myrtle
Offered by KATHY BOOKLESS at EAGLE RIDGE REALTY

Would you like more information regarding this property?
Please call (815) 777-2800.

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Property Features for 116 E Myrtle
Status
Market Status
Available
Last Updated
October 16, 2017
Description
Property Type
Commercial Property
Year Built
1894
Approx. Lot Size
0.17 Acres
Sq. Feet
5,600

Building Features

  • Basement
  • Cooling System: Window Unit(s) A/C
  • Heating System: Forced Air
  • Roof: Metal
  • Central Air
  • Heating Fuel: Natural Gas

Exterior Features

  • Exterior Construction: Brick

Interior Features

  • Floors: Wood

Legal/Financial

  • Taxes: 2850.76 (2016)

Listing Features

  • Property Type: Commercial; Mixed Use
  • KATHY BOOKLESS
  • EAGLE RIDGE REALTY

Data Provided by:
Realtor Association of Northwestern Illinois

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More information about this $125,000 Commercial Property at 116 E Myrtle

This $125,000 Commercial Property at 116 E Myrtle in Elizabeth, IL is presented by KATHY BOOKLESS. This $125,000 Commercial Property, located in the 61028 zip code, has the following property features: Central Air, Taxes, Roof, Exterior Construction. This 116 E Myrtle Commercial Property, located in Jo Daviess County , is listed under MLS listing number 20171578 and has a listing price of $125,000. You can find more ELIZABETH homes for sale here.