$164,500
$174,900
5.9%For more information regarding the value of a property, please contact us for a free consultation.
4,544 SqFt
SOLD DATE : 11/02/2022
Key Details
Sold Price $164,500
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,544 sqft
Price per Sqft $36
MLS Listing ID 11639028
Sold Date 11/02/22
Annual Tax Amount $1,325
Tax Year 2021
Lot Size 5,662 Sqft
Lot Dimensions 65X132
Property Description
Outstanding opportunity to purchase a commercial facility just minutes from the Champaign area. Positioned in Thomasboro is a Community Building with over 4500 sq ft. Included in the building is a full sized commercial kitchen, walk-in freezer, men's and women's bathrooms, bar area with coolers, and much more. Income opportunities are endless with this one. It's currently framed out and ready for event space. Ceilings are almost 13', ductwork is ran with 2 hvac systems, large kitchen area, and bar area recently reframed. Have solid consistent cash flow renting out to wedding parties, anniversary parties, banquets, etc. The real treat is adding income from liquor sales and food prep. Cover your overhead and more by simply renting out the kitchen as a commissary throughout the week to a few tenants..... Then events on the weekends. Space is also set up to be a restaurant/bar with entertainment options. Facility comes with tables and chairs, currently stored offsite. Space is zoned commercial so it would even work as a flex space if you are a commercial contractor needing storage and office space. You can easily add an overhead door to the East side of the building. Gaming machines can be built in with proper licenses. Estimates and plans on file to complete the renovation. Call today for private access. The previous owner was getting tons of calls to rent the space they just didn't have the time to dedicate to this project. Village of Thomasboro is eager to support and welcome any positive projects that are proposed.
Location
State IL
County Champaign
Zoning COMMR
Interior
Cooling Central Air
Flooring Concrete
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
View Y/N true
Roof Type Other
Building
Foundation Concrete Perimeter
Structure Type Wood Frame
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Bought with Nate Evans • eXp Realty,LLC-Maho
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "