Real Estate For Sale in...
 

123 West ST LOUIS Street, Lebanon, IL 62254

$279,000
Commercial Property MLS# 16031874 ID: 38758815
$279,000 Get Rates

Commercial, 2 Stories,Apartment,Restaurant - Lebanon, IL
MUCH MORE THAN A DINING ESTABLISHMENT! DESIGNATED AS A HISTORIC LANDMARK WITH THE IL HISTORIC SOCIETY. OFFERS LOCATION, FLOOR SPACE, & 2ND FLOOR RESIDENCE FOR RENTERS OR EMPLOYEES W/FLOOR SPACE FOR 2-3 APTS. 1 BLOCK FROM THE LOOKING GLASS PLAYHOUSE. FACILITY COULD BE CONSIDERED A "GO TO" GATHERING PLACE FOR AFTER PERFORMANCE MEETING ENJOYING WINE, FOOD, & REFRESHMENTS. BLDG & FACILITIES HAVE UNDERGONE MANY IMPROVEMENTS. ALL RESTRUCTURING OF INTERIOR AND EXTERIOR HAS BEEN COMPLETED W/ THE PRIOR APPROVAL OF THE IL HISTORICAL SOCIETY. THE RENOVATION DETAIL AND INVESTMENT $ WILL BE AVAILABLE TO QUALIFIED BUYER. ORIGINAL CARRIAGE HOUSE WHICH ALSO SERVES AS A DOUBLE GARAGE/STORAGE OF APPROX. 1,600 SQ. FT. WAS NOT INCLUDED IN THE PROPERTY DESCRIPTION, HOWEVER, IS PART AND PARCEL OF THE PROPERTY. NOTE: A current Cash on Cash Return calculation regarding restaurant operations and apartment leases: 26.70 % C. on C. / 12% CAP rate. Seller will seriously consider reasonable prequalified offer.

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Location Information near 123 West ST LOUIS Street
Offered by Robert Picchietti at Strano & Associates

Would you like more information regarding this property?
Please call (618) 257-7690.

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Property Features for 123 West ST LOUIS Street
Status
Market Status
Available
Last Updated
September 20, 2017
Description
Property Type
Commercial Property
Year Built
1878
Stories
2.0
Approx. Lot Size
0.12 Acres
Sq. Feet
7,510

Building Features

  • Heating System: Forced Air
  • Roof: Composition Shingle
  • Stories: 2.0
  • Central Air

Legal/Financial

  • Taxes: 4512 (2016)

Listing Features

  • Property Type: Commercial;

Room Details

  • Kitchen
  • Robert Picchietti
  • Strano & Associates

Data Provided by:
Mid America Regional Information Systems, Inc.

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More information about this $279,000 Commercial Property at 123 West ST LOUIS Street

This $279,000 Commercial Property at 123 West ST LOUIS Street in Lebanon, IL is presented by Robert Picchietti. This $279,000 Commercial Property, located in the 62254 zip code, has the following property features: Property Type, Heating System, Taxes, Stories. This 123 West ST LOUIS Street Commercial Property, located in Saint Clair County , is listed under MLS listing number 16031874 and has a listing price of $279,000. You can find more LEBANON homes for sale here.