The StopulosTeam
Description
2,400 SF Multi-Tenant Retail Strip Center for Sale - Prime Route 50 Location in Manteno, IL Excellent investment opportunity along highly traveled Route 50 in Manteno, IL! This 2,400 SF single-story retail strip center offers outstanding visibility and frontage along a major commercial corridor. The 60' x 40' building is divided into three 800 SF units, each featuring 20' of storefront frontage and a private restroom. Currently occupied by two tenants, with one leasing 1,600 SF and the other occupying 800 SF, providing an opportunity for rental income. The building features wood-frame construction with a low-maintenance brick and vinyl exterior, along with an all-concrete front parking lot. The property may also offer potential for a drive-thru configuration, subject to municipal approvals. Ideally suited for investors seeking a multi-tenant retail property in a high-traffic location with excellent exposure and convenient access. Great opportunity to acquire a well-positioned commercial property in the growing Manteno market!
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1993
General Information
County: Kankakee
Listed By:
McColly Bennett Real Estate
815-929-9381
MRED MLS
MLS ID: 12786452
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58 N Locust Street, Manteno, IL 60950.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $360,000 | $360,000 | $360,000 |
| Down Payment | $72,000 | $12,600 | $90,000 |
| Monthly Mortgage Amount | $1,868 | $2,293 | $2,315 |
| Taxes | $501 | $501 | $501 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $158 | $0 |
| Monthly Estimated Total | $2,474 | $3,057 | $2,921 |
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