Newark IL Commercial for Sale
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Courtesy: Brummel Properties, Inc.
630-551-8005
ADDITIONAL INFORMATION
**Charming Mixed-Use Investment Opportunity Exclusively for Salon Owners in Downtown Newark** Welcome to a unique opportunity tailored exclusively for Salon Owners/Investors! Nestled in the heart of downtown Newark, this charming building promises a blend of personal enjoyment and business potential, all in a prime location. **Main Level Highlights:** - **Retail Space:** Currently operating as a successful hair salon, this vibrant space is ready to welcome its next salon owner. Situated on a bustling downtown corner, the salon enjoys high visibility and a steady stream of clients, offering incredible growth potential for the right entrepreneur. - **Residential Opportunities:** The spacious three-bedroom, two-bathroom apartment on the main level enhances the investment's appeal. It comes with the unique flexibility to accommodate a single family or be thoughtfully divided into two separate living quarters, providing additional income opportunities or personal convenience for the salon owner. To clarify this could be turned into 2 apartments o the first floor. A 1 bedroom 1 bath just a dd a kitchen and then there would be a 2 bedroom 1 bath ready to go. **Upper Level:** - The cozy upstairs apartment, with its modern updates, offers serene living quarters away from the hustle and bustle. The current tenant has been there for over ten yeas. Built-in income. This apartment has 2 bedrooms, possibly 3 bedrooms 1 bath kitchen and great living area with an upper deck to enjoy. **Key Features:** - **Salon Owner Exclusivity:** Currently offered exclusively to those ready to bring their salon vision to life in a dynamic downtown setting. - **Prime Location:** Situated on Newark's main corner, this property offers unmatched visibility and accessibility for your business. - **Updated Interiors:** Enjoy the blend of historic charm and modern amenities with recent updates throughout the building. - **Community Charm:** Become an integral part of a quaint and welcoming community, while positioning your business for ongoing success. This property is ideal for salon owners who envision running a successful salon while enjoying a convenient live-work setup. Embrace the opportunity to thrive personally and professionally in a beloved community. Your next big opportunity awaits in the growing downtown scene of Newark. Schedule your private showing today to explore this exclusive offering! Please Note*****Currently sellers are only offering to Salon interested parties. Either Investor or Owner Occupied.
$1,995,000
105 Il-71 Newark, IL 60541
- Type:
- Retail
- Sq.Ft.:
- 9,520
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2007
- Baths:
- MLS#:
- 12048739
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Courtesy: eXp Realty, LLC
630-669-6318
ADDITIONAL INFORMATION
Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!
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Newark Real Estate
The median home value in Newark, IL is $549,000. This is higher than the county median home value of $313,100. The national median home value is $338,100. The average price of homes sold in Newark, IL is $549,000. Approximately 80.59% of Newark homes are owned, compared to 15.58% rented, while 3.84% are vacant. Newark 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 Newark real estate agent to arrange a tour today!
Newark, Illinois has a population of 1,213. Newark is less family-centric than the surrounding county with 29.59% of the households containing married families with children. The county average for households married with children is 42.61%.
The median household income in Newark, Illinois is $106,667. The median household income for the surrounding county is $101,816 compared to the national median of $69,021. The median age of people living in Newark is 44.3 years.
Newark Weather
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 38 inches per year, with 26.8 inches of snow per year.