Exceptional opportunity for investors and business owners! This beautifully remodeled brick mixed-use building offers a spacious commercial storefront, spacious storage, a garage, and two well-maintained residential rental units above. Completely renovated from the ground up, this turnkey property combines immediate rental income with excellent potential for additional revenue. Both residential units are occupied under one-year leases, generating a combined $3,600 per month. The currently vacant commercial space features approximately 1,239 square feet of storefront space, plus an additional 800 square feet of storage and garage space. High visibility and ample parking make it an appealing location for an office, professional services firm, or small construction-related business, subject to applicable zoning. Operate your business downstairs while the residential rental income helps offset ownership expenses, or lease the commercial space for a projected $2,200 per month to bring the property's potential total gross rental income to $69,600 annually. Beautifully updated and offering flexible ownership options, this property is an outstanding opportunity to bring your business, investment goals, or both under one roof!
Listed By
Agency Name: RE/MAX At Home
Agency Phone: 847-255-1000
Shown By
Agent Name: Jay Dowthard
Agent Phone: (815) 289-7530
Agency Title: Gambino Realtors
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964 Saint Charles Street | MLS# 12808516
This commercial property located at 964 Saint Charles Street, Elgin, IL 60120 is currently listed for sale with an asking price of $449,900. Search Elgin real estate on jdowthard.gogambino.com today.