Freeburg IL Real Estate & Commercial for Sale

Fantastic commercial opportunity located in the heart of town. You won't want to miss this 3,797 square foot space that has endless possibilities. There are 11 office spaces, two half baths, a breakroom, front reception area, two reception desks, utility room, and a storage room. There is also storage in the unfinished attic area. The building is owned by a local bank and was once used as a doctor's office. Nine of the offices have water fixtures for sinks if needed. The building was built with fireproof drywall and the building is well insulated. There are two emergency exits along with a fire alarm system. There is Cat 5 line throughout the building. This building would also make a great duplex but make sure to check with the village first. Building is being sold "AS IS, WHERE IS" seller will not make any repairs or concessions.There are Deed Restrictions on this property.

INVESTMENT OPPORTUNITY. This .76 Acres lot centrally located in the heart of Freeburg. Currently Zoned MH-1, this parcel consists of 6 mobile home lots. 1 mobile home is included with this sale (older home currently rented for $490 including the lot). 5 other lots have owner occupied mobile homes and pay lot rent at a rate of $210 per month. Current annual income is $18480 with the belief that lot rental is below market value and may be increased. Seller is currently paying approximately $500 per year for insurance. Taxes are approximately $2600 per year. Each tenant mows their own lawn. All streets are city owned and maintained. Owner is responsible for sewer lines from the mobile home to the city street as is electricity from pole. One sewer line was replaced and one pole was replaced by seller over 10 years ago. Seller considers this a maintenance free property. Great ROI