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$ 205,000
Est. payment | /mo
1,620 Sqft Lot
$ 205,000
Est. payment | /mo
1,620 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Litchfield
MLS Listing ID 26017002
Annual Tax Amount $2,447
Lot Size 1,620 Sqft
Acres 0.0372
Property Description
Position your business for success in this prime downtown mixed-use property offering exceptional visibility and steady foot and vehicle traffic. Perfectly suited for entrepreneurs and investors alike, this versatile building combines a turnkey commercial space with an income-producing residential unit above. The main level features a fully operational salon and spa, thoughtfully designed for efficiency and client comfort. The functional layout supports a wide range of beauty and wellness services, including a private spa treatment room added in 2023 to expand service offerings. A recently installed heating and A/C system ensures year-round comfort and energy efficiency. This turnkey setup is ideal for an owner-operator ready to step in or an investor seeking a ready-to-lease commercial space.
Upstairs, a spacious 2-bedroom, 1-bath apartment provides immediate rental income, as it is currently tenant-occupied. With a separate entrance and private living space, the residential unit offers convenience and privacy for occupants, making it an attractive long-term rental. Additional highlights include two private parking spaces - a rare and valuable feature in a downtown location - and a main-level storage room accessible to both commercial and residential tenants. With strong income-producing potential and dual revenue streams, this property is an outstanding opportunity for a live/work setup, owner-user, or passive investor. The established salon and spa layout is especially appealing for service-based businesses seeking high exposure in a thriving location. Call today to schedule your showing! Seller will also consider leasing the business space for $1,500 per month which includes utilities, internet and trash.
Upstairs, a spacious 2-bedroom, 1-bath apartment provides immediate rental income, as it is currently tenant-occupied. With a separate entrance and private living space, the residential unit offers convenience and privacy for occupants, making it an attractive long-term rental. Additional highlights include two private parking spaces - a rare and valuable feature in a downtown location - and a main-level storage room accessible to both commercial and residential tenants. With strong income-producing potential and dual revenue streams, this property is an outstanding opportunity for a live/work setup, owner-user, or passive investor. The established salon and spa layout is especially appealing for service-based businesses seeking high exposure in a thriving location. Call today to schedule your showing! Seller will also consider leasing the business space for $1,500 per month which includes utilities, internet and trash.
Location
State IL
County Montgomery
Interior
Fireplace N
Exterior
View Y/N No
Building
Structure Type Brick
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
Listed by Lori Reid-Gardner • Century 21 Reid Baugher Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "