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!
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Lostant Real Estate
The median home value in Lostant, IL is $161,500. 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 $161,500. 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.