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412 Paul St 1,523 SF 100% Leased Retail Building Gorham, IL 62940 $205,041 CAD ($134.63 CAD/SF)



Executive Summary
This is a commercial building property situated in Gotham, Illinois. The Southern part of Illinois. It is two stories; it was an old retail space or store.
The positive aspects of this are that it’s made of brick a good material & it has been standing for many years & should be for many more.
I haven’t been there to have it inspected so; it’s sold AS IS. However, I can tell the front facade needs restored. It’s sold at a discount for this reason, since I do not know what structural; electrical issues it has etc..
Let me know if you have any questions. Accepting offers to sell this immediately. I think it would make an excellent store front or warehouse for a business; or if converted and rezoned; obviously an apartment, or a business where you live on site with approval. Maybe an Art studio.
Again, I believe Gorham, Illinois is also close to Rivers; and close to driving distance of the Southern US. Which makes this a very attractive location that has most likely withstood high winds in the past. Because, it’s still standing.
Again I am not an expert in property conditions and have not done anything to this place since purchase; so it’s a blank slate. I have expect it requires a lot of work. I wasn’t told about its conditions when I purchased it it was sight unseen purchase so please let me know what kind of offers you have and I will work for you. I have it priced higher than I expected it to sell for so I’m willing to take what I can get potentially 100,000.00
The positive aspects of this are that it’s made of brick a good material & it has been standing for many years & should be for many more.
I haven’t been there to have it inspected so; it’s sold AS IS. However, I can tell the front facade needs restored. It’s sold at a discount for this reason, since I do not know what structural; electrical issues it has etc..
Let me know if you have any questions. Accepting offers to sell this immediately. I think it would make an excellent store front or warehouse for a business; or if converted and rezoned; obviously an apartment, or a business where you live on site with approval. Maybe an Art studio.
Again, I believe Gorham, Illinois is also close to Rivers; and close to driving distance of the Southern US. Which makes this a very attractive location that has most likely withstood high winds in the past. Because, it’s still standing.
Again I am not an expert in property conditions and have not done anything to this place since purchase; so it’s a blank slate. I have expect it requires a lot of work. I wasn’t told about its conditions when I purchased it it was sight unseen purchase so please let me know what kind of offers you have and I will work for you. I have it priced higher than I expected it to sell for so I’m willing to take what I can get potentially 100,000.00
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
1,523 SF
Building Class
C
Year Built
1950
Price
$205,041 CAD
Price Per SF
$134.63 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.21
Lot Size
0.17 AC
Frontage
42’ on Paul Street
Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
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Presented by
Katrin Halpern
412 Paul St
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