Lostant IL Commercial for Sale
- Type:
- Other
- Sq.Ft.:
- 5,768
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1896
- Baths:
- MLS#:
- 12081116
View additional info
Courtesy: Executive Realty Group
630-894-1030
ADDITIONAL INFORMATION
Investor/Flipper Special: Mixed-Use Gem in Downtown Lostant Explore the potential of this exceptional mixed-use property located in the heart of downtown Lostant. Boasting a spacious main level retail or office space and three charming apartments on the second level, this property presents a unique opportunity for investors and flippers alike. Key Features: - Prime Location: Situated in downtown Lostant, offering easy access to local amenities and attracting both residents and visitors. - Versatile Main Level: Spanning 2,884 square feet, the main level features expansive retail or office space that can be easily customized or subdivided to suit various business needs. - Income Potential: Currently generating $1,700 per month from two rented apartments, with the opportunity to increase rental income by leasing out the third apartment and maximizing the commercial space. - Residential Appeal: The second level comprises two 1-bedroom apartments and a spacious 4-bedroom apartment with new AC, ideal for attracting tenants seeking comfortable living spaces in a quaint town setting. - Fixer-Upper Opportunity: Perfect for investors looking to add value through cosmetic updates and tenant improvements, ensuring swift occupancy and increased rental rates. - Historic Charm: Embrace the charm of a small-town atmosphere while capitalizing on the growing demand for mixed-use properties in up-and-coming communities. This property promises a solid foundation for both immediate rental income and long-term investment growth. Whether you're a seasoned investor or a first-time flipper, don't miss out on this opportunity to own a piece of Lostant's commercial and residential landscape. Schedule your showing today and unlock the potential of this versatile mixed-use property!
© 2024 Midwest Real Estate Data LLC. All rights reserved. Listings courtesy of MRED MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of {{last updated}}.. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to [email protected]. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Lostant Real Estate
The median home value in Lostant, IL is $225,500. This is higher than the county median home value of $144,800. The national median home value is $338,100. The average price of homes sold in Lostant, IL is $225,500. Approximately 69.7% of Lostant homes are owned, compared to 23.23% rented, while 7.07% are vacant. Lostant real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lostant real estate agent to arrange a tour today!
Lostant, Illinois has a population of 450. Lostant is more family-centric than the surrounding county with 27.43% of the households containing married families with children. The county average for households married with children is 25.66%.
The median household income in Lostant, Illinois is $67,500. The median household income for the surrounding county is $62,825 compared to the national median of $69,021. The median age of people living in Lostant is 38.1 years.
Lostant Weather
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 14.4 degrees. The average rainfall is approximately 38.2 inches per year, with 22.3 inches of snow per year.