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2-4 E Front St 2,250 SF Retail Building Newark, IL 60541 $446,694 CAD ($198.53 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Situated on Newark's main corner
  • This property features updated interiors.

EXECUTIVE SUMMARY

Investment Properyt! 2 residential and 1 commercial units!!! This charming mixed-use building features two residential apartments and a bustling retail space currently operating as a popular hair salon. The property boasts a strategic corner location with exceptional visibility and foot traffic, making it an ideal spot for a variety of retail businesses. The evolving downtown area is experiencing steady growth, attracting more visitors and residents alike. The two well-appointed apartments offer comfortable living spaces, perfect for tenants seeking the convenience of living near shops, cafes, and local amenities. Each unit features modern finishes, natural light, and ample storage, including a full basement. Whether you're looking to extend the current salon business or explore new retail ventures, this versatile building provides endless possibilities. Don't miss out on the chance to invest in a thriving location with the potential for excellent returns. Welcome to your next big opportunity in downtown Newark!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Health Club
Building Size
2,250 SF
Building Class
C
Year Built
1920
Price
$446,694 CAD
Price Per SF
$198.53 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.07
Lot Size
0.69 AC
Zoning
B-2 - commercial and residential

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-06-282-001
Land Assessment
$17,330 CAD
Improvements Assessment
$62,387 CAD
Total Assessment
$79,717 CAD
  • Listing ID: 33760760

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 2-4 E Front St, Newark, IL 60541

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